Korea secures softer EU steel quota cut, minister says

South Korea has made progress in talks with the European Union over steel tariff-rate quotas, Industry Minister Kim Jung-kwan said, raising hopes that Korean exporters may face a smaller cut than the bloc's planned overall reduction.

In a wide-ranging briefing in Sejong on Monday, Kim also discussed corporate bonus dispute, chip-related tax revenue, Canada's submarine tender and possible new semiconductor production sites.

Kim said the biggest outcome of his recent trip to Kazakhstan, Europe and ...