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The Korea National Institute of Technology Standards issued Announcement No. 2023 - 0114, proposing to revise the Safety Standard for Electrical Products KC 10031 and establish safety standards for recycled lithium - ion batteries. This revision applies to secondary batteries and cells containing alkaline or other non - acidic electrolytes, and the products involved are electrical appliances and consumer products (recycled batteries).
Recently, the latest data released by South Korea's Ministry of Trade, Industry and Energy and the Korea International Trade Association showed that in the first half of 2024, South Korea's exports of memory chips to China's Taiwan region reached $4.26 billion, a significant year-on-year increase of 225.7%. This growth rate far exceeds the 88.7% increase in South Korea's overall memory chip exports, highlighting...
A detailed analysis of the key points of the Korean governments review of MSDS, the matters that enterprises should pay attention to when submitting MSDS, and the strategies for enterprises to respond to the new review system.
The Ministry of Economy and Finance of South Korea imposed a four - month temporary anti - dumping duty on PET resin originating from China, involving many Chinese enterprises. The aim is to protect the domestic industry and it affects the trade pattern between China and South Korea.
Facing Chinas urea export restrictions, South Korea quickly adjusted its import sources. Vietnam became the largest supplier. The government supported domestic production and established a huge fund to ensure supply chain stability.
South Korean government clarifies that the complete ban on 80 categories of uncertified products through cross-border e-commerce is untrue, stating only harmful products will be restricted while emphasizing safety inspection importance.
IMF Asia-Pacific Department Director Krishna Srinivasan analyzed South Koreas economic outlook at a press briefing, predicting growth this year primarily due to strong global demand for high-end semiconductors. He also noted inflation and price volatility as challenges facing the South Korean economy.
Against the backdrop of the intensifying Sino - US technological competition, South Korea, as an important country in the semiconductor industry, faces a dilemma. As an ally of the United States, South Korea needs to cooperate with the US in implementing export controls on China; however, as a major trading partner of China, excessive restrictions may also harm its own interests. The South Korean government is striving to strike a balance, on the one hand, complying with international rules, and on the other hand, actively coordinating with all parties to safeguard its core interests.
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