Industrial Policy
South Korea's first US investment announcement set after June law
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Industry Minister Kim Jung-kwan said specific investment projects in the United States can be discussed after a new law takes effect on June 18. The move aligns with last year's trade agreement committing South Korea to invest $350 billion in the US.
South Korea announced plans on July 1 to generate additional domestic steel demand after the European Union tightened import safeguards. Industry Minister Kim Jung-kwan led talks with local steelmakers in Seoul.
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The Punjab Cabinet approved the new Industrial Policy 2026 on Saturday, easing eligibility for subsidies for small and medium industries and allowing women to work night shifts. The policy focuses on employment generation and aims to attract Rs 75,000 crore in investments by 2026.