Skip to content

Person

Kim Jung-kwan

South Korea's Minister of Trade, Industry and Energy, overseeing the nation's trade policy, industrial strategy, and energy affairs.

Known aliases

  • Industry Minister Kim
  • Industry Minister Kim Jung-kwan
  • Kim Jung Kwan
  • Kim Jung-kwan
  • Kim Jung-kwan, Trade and Industry Minister
  • Minister Kim
  • Minister Kim Jung-kwan
  • Trade Minister Kim Jung-kwan

Current stories

investOne report1 publisher

Korea's Alaska LNG orders hinge on Glenfarne binding 16 million tons of buyers

Glenfarne needs long-term buyers for 16 million tons of Alaska LNG a year before it can finance a project Korean pipe and ship makers hope to supply. Potential deals cover 13 million tons, mostly nonbinding, and Seoul says any money from its $350 billion US pledge depends on commercial viability.

Reality

Evidence40
Adoption15
Hype gap+35
Incentives60
Confidence45
investOne report1 publisher

Seoul conditions the $54 billion Alaska LNG stake Trump announced on commercial viability

South Korea says it will invest in Alaska LNG only if the project proves commercially viable, after the White House put Seoul's stake at $54 billion. Until Seoul's review ends, anyone modeling the pipeline's financing is counting on money Seoul still treats as conditional.

Publishers:en.sedaily.com

Reality

Evidence55
Adoption
Not scored
Hype gap+60
Incentives60
Confidence55
investOne report1 publisher

Korea added nuclear reactors and Alaska LNG to its $200 billion U.S. plan without feasibility reviews

Korea swapped two of three projects in its $200 billion U.S. plan for reactors and Alaska LNG, ministry documents obtained by an opposition lawmaker show. Neither went through the feasibility study the originals had, and the only price on the LNG leg is Donald Trump's $54 billion.

Reality

Evidence55
Adoption
Not scored
Hype gap+55
Incentives70
Confidence50
investOne report1 publisher

Westinghouse wants more than $175 million a reactor to let Korea build the APR1400 in the US

Westinghouse is demanding more than the $175 million licensing fee on each APR1400 built in the US, The Seoul Economic Daily reports. A bigger payment leaves Korea less room on cost and less of the work it needs to make the US reactors commercially reasonable.

Publishers:en.sedaily.com

Reality

Evidence45
Adoption15
Hype gap+20
Incentives70
Confidence50
investConfirmed4 publishers

Trump Threatens to Double Tariffs on Korea if It Balks, Target Unclear, Amid $50 Billion-Plus Alaska LNG Talks

Donald Trump threatened to double what South Korea pays unless Seoul backs an Alaska LNG stake Howard Lutnick put at more than $50 billion. Ahead of the Nov. 3 midterms, that pressure is landing on allies while Trump keeps a trade truce with China.

Perspective Coverage

4 publishers
Builder
Builder 5%
Operator
Operator 41%
Investor
Investor 54%

Reality

Evidence72
Adoption
Not scored
Hype gap+20
Incentives68
Confidence62
investOne report1 publisher

Semiconductors made up half of South Korea's record $120.9 billion September exports

South Korea exported a record $120.94 billion in September, up 83.5%, with chips supplying $60.3 billion. A $1 trillion year now needs only about $62 billion a month, so the open question is how much of the chip surge is price.

Publishers:en.sedaily.com

Reality

Evidence72
Adoption
Not scored
Hype gap+12
Incentives58
Confidence70
investOne report1 publisher

Korea and ASEAN aim their FTA rewrite at origin checks and critical minerals

Korea and ASEAN open a second round in Singapore to rewrite their 2007 goods-only FTA across 13 working groups. Companies sourcing through Southeast Asia should expect revised origin checks and minerals rules to arrive before any tariff cut.

Publishers:en.sedaily.com

Reality

Evidence45
Adoption
Not scored
Hype gap+10
Incentives40
Confidence55
investOne report1 publisher

Seoul holds its first $2.2 billion for US projects until Trump announces them

South Korea will remit a first $2.2 billion for its US projects, including a $22.3 billion Texas LNG plant, once Trump announces them. Last year's agreement makes his public word the trigger, so his crowded diplomatic calendar now sets the payment date.

Publishers:en.sedaily.com

Reality

Evidence42
Adoption
Not scored
Hype gap+12
Incentives55
Confidence45
investOne report1 publisher

Korea lifts its non-Middle East crude freight rebate to 100% through December

Seoul's first statutory resource security plan promises a 50% Middle East crude share by 2035 and 13 more state-managed minerals, but the only money on the table this year is a freight subsidy capped at the levies refiners paid.

Publishers:en.sedaily.com

Reality

Evidence55
Adoption
Not scored
Hype gap+20
Incentives40
Confidence55
investOne report1 publisher

Korea's trade minister flies to Washington unannounced as the $350bn bargain frays at the seams

Kim Jung-kwan left for the United States on the 16th, a day after President Lee dismissed top negotiator Yeo Han-koo. The first project and the tariff ceiling are both unresolved.

Publishers:en.sedaily.com

Reality

Evidence45
Adoption15
Hype gap+15
Incentives65
Confidence50
investOne report1 publisher

Korea wins at least two units of a $120 billion American reactor program

Seoul's trade minister returned from Washington with a reported tentative agreement to build at least two APR1400 units inside an eight-reactor, $120 billion program that Westinghouse wants built entirely to its own design.

Publishers:en.sedaily.com

Reality

Evidence26
Adoption
Not scored
Hype gap+38
Incentives72
Confidence36
investOne report1 publisher

Korea's trade minister gives himself a week to close the U.S. investment package

Kim Jung-kwan came back from Washington saying the targets, scale and structure of the projects were still being worked, that several issues are unresolved, and that he intends to try for a final deal inside the week.

Publishers:en.sedaily.com

Reality

Evidence52
Adoption
Not scored
Hype gap+18
Incentives74
Confidence55
investOne report1 publisher

Seoul's $20 billion annual ceiling stretches its $200 billion US pledge over ten years

South Korea's trade minister has confirmed the $200 billion US investment tranche moves at no more than $20 billion a year. Every project must first show cash flow that covers its own principal and interest.

Reality

Evidence32
Adoption20
Hype gap+25
Incentives60
Confidence38
investOne report1 publisher

Korea's ruling party routes its flagship zone bill around a committee the opposition chairs

The Democratic Party has handed its mega special zone bill to the Political Affairs Committee instead of the industry committee the opposition chairs, while the water and permit amendments a cluster actually needs stay behind.

Publishers:en.sedaily.com

Reality

Evidence44
Adoption
Not scored
Hype gap+16
Incentives68
Confidence41
investOne report1 publisher

Seoul reprices CPTPP entry at over 700 billion won a year in lost farm output

The government's second feasibility study lifts the projected annual farm loss 59 per cent above its 2022 number, which is the figure the farming sector will now negotiate against before any accession bid can open.

Publishers:en.sedaily.com

Reality

Evidence42
Adoption18
Hype gap+20
Incentives74
Confidence50

Earlier coverage