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Articles by KANG Minwoo
Maeil Business Newspaper Korea's No. 1 Economic Media
Maritime wind financial support and fishing village win-win agreement Development income return virtuous cycle structure design Discovering best practices for win-win 'wind income village' On the 22nd, the Korea Federation of Fisheries Cooperatives, Suhyup Bank, and Korea Development Bank held a ceremony to sign a win-win business agreement for offshore wind and financial support and fishing villages at the main building of the Korea Development Bank, while Woo Dong-geun, the head of the...
Maeil Business Newspaper Korea's No. 1 Economic Media
Tensions in the Middle East are rising again after Yemen's pro-Iranian Houthi rebels declared an immediate maritime blockade against Saudi Arabia. "In accordance with the principle of 'an eye for an eye', we implement a maritime blockade against Saudi enemies, a criminal state," rebel spokesman Yahya Sarri Houthi said in a televised speech and statement on the 20th (local time).
Maeil Business Newspaper Korea's No. 1 Economic Media
It is the first time in about five months that the government has advised domestic shipping companies to refrain from entering the Red Sea since March, shortly after the outbreak of the war. The move is interpreted as a result of the judgment that local tensions, which had once eased since the ceasefire negotiations between the U.S. and Iran, have risen to wartime levels again.
Maeil Business Newspaper Korea's No. 1 Economic Media
As the US-Iran conflict intensified again, the government advised domestic shipping companies to refrain from secondary operations in Middle East waters. Essential cargo ships such as oil tankers were excluded from the recommendation for stable domestic supply. According to sources inside and outside the government on the 20th, the Ministry of Oceans and Fisheries sent an official letter to domestic shipping companies last week urging them to refrain from entering the Red Sea.
Maeil Business Newspaper Korea's No. 1 Economic Media
While the government is expected to increase demand for electricity as it promotes the "three major mega projects," there are a series of analyses that it may become more difficult to achieve the National Greenhouse Gas Reduction Target (NDC) as it is. According to the energy industry on the 17th, the NDC, which the government has decided to achieve by 2035, is likely to be disrupted by the expansion of semiconductor factories.
Maeil Business Newspaper Korea's No. 1 Economic Media
The government has decided to consider paying "participatory income" for young people suffering from employment difficulties and social isolation. In addition, the government will redesign the basic pension's "70% payment for the elderly" standard to meet the median income and increase the efficiency of railway services through the full integration of Korail and SR. On the 16th, the Ministry of Health and Welfare reported the work plan to President Lee Jae Myung.
Maeil Business Newspaper Korea's No. 1 Economic Media
The government will build 10 gigawatts (GW) energy storage systems (ESSs) early across the country by 2030 as part of measures to supply power to semiconductor clusters in the southwestern region. ESS is a device that stores solar power during the day and allows it to be used at night. It also supports the expansion of offshore wind power generation facilities by increasing existing facilities at Mokpo Port and developing Gunsan Port as a new offshore wind power support port.
Maeil Business Newspaper Korea's No. 1 Economic Media
Early next week, the "4th port basic plan revision plan" is announced A view of a offshore wind farm in Korea. [Picture = Maekyung DB] The government will expand infrastructure for offshore wind power support to cope with the increase in demand for electricity due to the creation of Honam semiconductor clusters.
Maeil Business Newspaper Korea's No. 1 Economic Media
The government is considering paying subsidies to lease operators, which are battery owners, ahead of the electric vehicle battery subscription service demonstration project.
Maeil Business Newspaper Korea's No. 1 Economic Media
Same benefit policy as buyers Expect to cut consumer subscription fees The number of imported electric vehicles such as Tesla is showing up in the parking lot at COEX in Gangnam-gu, Seoul on the 11th, compared to Hyundai Motor's electric vehicles. 2025.1.11 [Reporter Kim Hoyoung] The government is considering paying subsidies to lease operators, which are battery owners, ahead of the electric vehicle battery subscription service demonstration project.
Maeil Business Newspaper Korea's No. 1 Economic Media
Korea Electric Power Corporation (KEPCO) and Korea Hydro & Nuclear Power (KHNP) are pushing to establish a mediation committee to quickly resolve their dispute over additional construction costs for the Barakah Nuclear Power Plant in the United Arab Emirates (UAE). According to the nuclear industry on the 10th, KEPCO and KHNP are discussing the formation of a mediation committee related to the Barakah dispute in the UAE.
Maeil Business Newspaper Korea's No. 1 Economic Media
The domestic oil refining and shipping industries are working together to increase the proportion of crude oil transportation by domestic tankers. As the stability of the energy transport network has emerged as a national task due to the instability of the situation in the Middle East, both industries are keeping pace with the expansion of the use of national shipping companies.
Maeil Business Newspaper Korea's No. 1 Economic Media
34 locations where currency exchange books are falsely prepared and not submitted Enhanced crackdown on the exchange of virtual assets and simple remittances Korea Customs Service [Photo = Yonhap News] The Korea Customs Service has detected illegal activities of 47 currency exchange operators and imposed administrative sanctions such as suspension of business and imposition of fines.
Maeil Business Newspaper Korea's No. 1 Economic Media
The Ministry of Oceans and Fisheries announces the 2nd survey on the change of shoreline The 620km surge in artificial shoreline is decisive in the construction of breakwater and ports Climate factors such as erosion and sedimentation also play a role The length of Korea's coastline was 15,270.4 kilometers. While the entire coastline has been lengthened, natural coastlines have decreased and artificial coastlines have increased.
Maeil Business Newspaper Korea's No. 1 Economic Media
Deputy Minister of Oceans and Fisheries Nam Jae-heon Press Conference "Busan is here. We can't just see Busan." Honam Semiconductor Port Infrastructure Support Middle East Sea maintains recommendation to refrain from operating Vice Minister of Oceans and Fisheries Nam Jae-heon's press conference. [Ministry of Oceans and Fisheries] The government said it is in the final stages of securing ships and diplomatic consultations regarding the pilot operation of the Arctic route scheduled for September.
Maeil Business Newspaper Korea's No. 1 Economic Media
Responding to the 4th stage of 'detection → identification → tracking → incapacitation' Capture mesh after blocking radio waves with jamming gun Hangseo, Busan, Incheon, and Ulsan, operation from July The capture drone is capturing an unauthorized drone. [Ministry of Oceans and Fisheries] When an unauthorized drone approached the port, an alarm was issued in the general situation room.
Maeil Business Newspaper Korea's No. 1 Economic Media
The Korea Fair Trade Commission (KFTC) has asked domestic refiners and shipping companies for their views on the merger review involving Janggeum Maritime, an affiliate of Janggeum Maritime, and Mediterranean Shipping Company (MSC), the world's largest shipping line. In South Korea's refining and shipping industries, the prevailing view is that if the two companies combine, they could wield monopolistic influence in the very large crude carrier (VLCC) charter market.
Maeil Business Newspaper Korea's No. 1 Economic Media
The Ministry of Land, Infrastructure and Transport announced on the 2nd that it will take voluntary corrective measures after manufacturing defects have been identified in 38 models manufactured, imported and sold by BYD Korea, Mercedes Benz Korea, Stellantis Korea, Jaguar Land Rover Korea, Hyundai Motor and Volvo Motor Korea. BYD is taking corrective action on 18,091 units of six models, including C-Rion 7, Ato 3, Dolphin, and Seal. Mercedes Benz went on a recall from 2113 C300 four-matic units.
Maeil Business Newspaper Korea's No. 1 Economic Media
Five Korail subsidiaries will be integrated into a three-company system. Korail Tourism Development, Korail Networks, Korail Distribution, and Korail Logistics will be integrated, respectively, and Korail Tech will remain a specialized maintenance company.
Maeil Business Newspaper Korea's No. 1 Economic Media
Climate, Energy, and Environment Minister Kim Sung-hwan (right) listens to KEPCO's plan to supply power to the semiconductor industrial complex in the southwest region on the 30th. Yonhap News Agency The Ministry of Climate, Energy and Environment has unveiled detailed measures to supply 650,000 tons of water per day to the Honam semiconductor industrial complex.
Maeil Business Newspaper Korea's No. 1 Economic Media
The government presented keywords that compressed implementation strategies for each field such as semiconductor '3S+1F' when announcing the '3 Mega Projects'. The term "3S+1F" proposed by the government on the 29th is a combination of full support for speed, stronghold, and spearhead. The first "speed war" is a strategy to complete the production base of semiconductor metropolitan area early in response to rapidly increasing demand for artificial intelligence (AI).
Maeil Business Newspaper Korea's No. 1 Economic Media
From the 29th to the 3rd of next month, Integrity Week Minister's letter delivers the message of integrity Minister of Trade, Industry and Energy Kim Jung-kwan The Ministry of Trade, Industry and Energy will expand the "Integration Week" operated within the ministry to affiliated organizations.
Maeil Business Newspaper Korea's No. 1 Economic Media
The government has launched a full-scale investigation into companies that defraud the nation's finances and disrupt capital markets by falsifying import and export prices. The Korea Customs Service's special judicial police recently secured details of corporate support projects from the Ministry of SMEs and Startups and began a detailed analysis, and plans to focus on investigating companies that have made unfair profits through cooperation between ministries.
Maeil Business Newspaper Korea's No. 1 Economic Media
All seven vessels exited Hormuz and demanded the resumption of shipments of oil companies in the Middle East Refining Industry "New inputs are burdensome" Strait of Hormuz [Reuters=Yonhap News] After the war between the United States and Iran, all the oil tankers bound for South Korea, which had been trapped inside the Strait of Hormuz, were found to have escaped the strait. Refineries are also moving to when to send new ships for Middle East crude shipments back inside the Strait of Hormuz.
Maeil Business Newspaper Korea's No. 1 Economic Media
Vessels flock to Iranian routes, wait The narrow strait tangle of ships from each country The possibility of a change in the atmosphere of a ceasefire The concern of reigniting geopolitical risks a ship near the Strait of Hormuz While ships belonging to Korean shipping companies trying to exit the Strait of Hormuz are waiting to depart, ships from each country are temporarily sailing, causing a severe "bottleneck phenomenon." According to the industry on the 23rd, the Iranian Navy recently...
Maeil Business Newspaper Korea's No. 1 Economic Media
As Iran began the approval process for the passage of the Strait of Hormuz with the agreement of a memorandum of understanding (MOU) between the United States and Iran, the escape of Korean ships has also begun. According to the shipping industry, 22 South Korean ships tied to the Strait of Hormuz as of the 22nd are waiting to enter the passage route as soon as they obtain approval from Iran and other countries.
Maeil Business Newspaper Korea's No. 1 Economic Media
As the U.S. and Iran reached an agreement, our ships, which had been isolated in the Strait of Hormuz, are continuously escaping the strait. Following the escape of two Korean ships from the strait, the remaining 22 ships are reportedly preparing to pass in earnest.
Maeil Business Newspaper Korea's No. 1 Economic Media
Two ultra-large crude oil carriers of Janggeum Merchant Marine Hang Ship Channel Passage to 4 ports After signing the MOU, the passage procedure is 'yet' an oil tanker anchored near the Strait of Hormuz. The photo has nothing to do with the content of the article. [Reuters Yonhap News] Due to the Middle East war, two South Korean ships staying inside the Strait of Hormuz escaped from the strait.
Maeil Business Newspaper Korea's No. 1 Economic Media
President Lee Jae Myung appointed Nam Jae-hun, the current head of the Arctic Route Promotion Division of the Ministry of Oceans and Fisheries, as the new vice minister of the Ministry of Oceans and Fisheries on the 21st. Kang Yoo-jung, the presidential spokesman, made the announcement in a written briefing. Born in 1971, Nam graduated from Gudeok High School in Busan and Yonsei University's Civil Engineering Department and entered public service with 34 technical exams.
Maeil Business Newspaper Korea's No. 1 Economic Media
Application for departure on the 21st, including 8 crude oil ships HMM and Glovis Shipbuilding & Marine Engineering to declare a sudden closure of the Iranian military command Departure of 1,000 ships in the Strait of Maritime Affairs Confusion waiting for departure Oil tankers and cargo ships are moving in the Gulf of Oman, a route linking the Strait of Hormuz and the Arabian Sea.
Maeil Business Newspaper Korea's No. 1 Economic Media
The government disclosed the scenario of integrating power generation public enterprises and started the reorganization of public enterprises. The plan to integrate the power generation public enterprises, which are divided into five subsidiaries under the Korea Electric Power Corporation, is being discussed first. It is the first major change in 25 years. On the 18th, the Ministry of Climate, Energy and Environment released a service report related to the reorganization of public power companies.
Maeil Business Newspaper Korea's No. 1 Economic Media
' It is assessed that the integrated financial structure should serve as a foundation to secure investment capacity for the renewable energy transition and lead the energy transition. On the 18th, Samil Accounting Firm recommended the single-company integration plan as the optimal alternative at the 'Interim Report Meeting on the New Roles of Public Power Enterprises in the Energy Transition Period. ' The system of five public power generation enterprises has long been criticized as inefficient.
Maeil Business Newspaper Korea's No. 1 Economic Media
Price information is displayed at a gas station in downtown Seoul on the 15th as attention is drawn to whether the U.S.-Iran deal will lead to discussions on ending the highest price system for petroleum products. News 1 The 'oil maximum price system', which was introduced to mitigate the impact of international oil price hikes due to the previous agreement between the U.S. and Iran, is at a tipping point.
Maeil Business Newspaper Korea's No. 1 Economic Media
Trade Minister Yeo Han-koo will make a surprise visit to China next week. The move is aimed at attending the Korea-China Free Trade Agreement (FTA) joint committee to discuss pending issues with China. In particular, our side is expected to discuss ways for domestic entertainment companies to enter China and collaborate on rare earth supply chains. According to related ministries on the 15th, Yeo will leave Korea next week for a joint committee on the Korea-China FTA.
Maeil Business Newspaper Korea's No. 1 Economic Media
Holding a joint committee on the Korea-China FTA Follow-up measures for ministerial talks in March After meeting with Deputy Minister Li Cheong-gang, Discuss active entry into the supply chain and enterprise Trade Minister Yeo Han-koo (right) attended the 2026 Council of Ministers (MCM) of the Organization for Economic Cooperation and Development (OECD) held in Paris, France on the 3rd and met with Jamieson Greer, head of the U.S. Trade Representative (USTR), to discuss overall trade issues...
Maeil Business Newspaper Korea's No. 1 Economic Media
Requesting the Supreme Prosecutors' Office to establish a new investigative power Technical investigation system announces the replacement of the prosecutor in the blank of the Public Prosecution Act The Ministry of Trade, Industry and Energy is pushing for the establishment of a "special judicial police (special judicial police)" that can directly investigate technology leaks.
Maeil Business Newspaper Korea's No. 1 Economic Media
Nuclear power plants, which used to be synonymous with avoidance facilities in the past, have been transformed into "preferred facilities" that local governments hope to attract. The atmosphere is different from the grid project, which is being delayed everywhere. It is analyzed that the size of support, the ripple effect of the local economy, and the difference in the size of stakeholders are producing contradictory results.
Maeil Business Newspaper Korea's No. 1 Economic Media
It was found that 40% of the transmission network construction projects were delayed due to opposition from local residents. Last year, the National Assembly passed the Special Act on the Expansion of the National Power Network (Special Act on the Power Network), but the transmission network construction project is hardly speeding up. The transmission grid is a key facility for supplying electricity generated by power plants to companies and homes.
Maeil Business Newspaper Korea's No. 1 Economic Media
Eight Korean sailors aboard On a normal voyage to a third country destination Universal WINNER in 20 days... Slightly reduced to 24 remaining vessels in the Channel led by foreign charterers Ships carrying 2 million barrels of crude oil enter Ulsan Port (Ulsan = News1) Reporter Cho Min-ju = HMM's VLCC Universal Winner enters Ulsan Port on the 10th. The ship was the only one out of 26 South Korean ships trapped in the Strait of Hormuz since the Middle East War. (Courtesy of Ulsan Port Authority).
Maeil Business Newspaper Korea's No. 1 Economic Media
Establishment of a National Drone and Daedron Strategy Promotion Team Actively benchmarking FAA and NASA models Distributed budget 'selection and concentration' by ministries The government has started to organize traffic on drone and drone policies that are being pursued separately by ministries. The Prime Minister's Office is in charge of the control tower to reduce overlapping projects and policy gaps and enhance the implementation of drone policies.
Maeil Business Newspaper Korea's No. 1 Economic Media
Minister of Planning Park Hong-geun The government will carry out full-scale surgery on the mandatory expenditure system, which was considered a "sanctuary," such as local education financial grants (hereinafter referred to as education grants) and basic pensions. The plan is to break through the fixed fiscal rigidity by utilizing favorable financial conditions, which are expected to exceed 100 trillion won in excess tax revenue by next year.
Maeil Business Newspaper Korea's No. 1 Economic Media
Unable to extend even with alternative crude oil documents 'conventional lending' blocked... Adherence to Principles Government's "judgment on the necessity of emergency" Industry's "Inevitable to decline in utilization rate" Concerns over a supply-demand gap for several days until the port of entry (Seoul = News 1) Reporter Ahn Eun-na = Oil price information is displayed at gas stations in downtown Seoul on the 2nd.
Maeil Business Newspaper Korea's No. 1 Economic Media
It has been confirmed that the police are reviewing the precedent of the "Seongsu Bridge Collapse Disaster" in the past during the investigation into the collapse of the overpass in Seosomun, Seoul. According to the Mail Business report on the 2nd, the investigation team of the Seoul Metropolitan Police Agency is considering whether the Supreme Court's case in the 1994 collapse of the Seongsu Bridge can be applied to the collapse of Seosomun Overpass.
Maeil Business Newspaper Korea's No. 1 Economic Media
Possibility of Investigation by National Railroad Corporation Issues on the Management of Railway Protection Areas Seosomun Overpass Collapse It has been confirmed that the police are reviewing the precedent of the "Seongsu Bridge Collapse Disaster" in the past during the investigation into the collapse of the overpass in Seosomun, Seoul.
Maeil Business Newspaper Korea's No. 1 Economic Media
Kang Min-woo, economics reporter As a teenager, friendship is as dangerous as it is special. Sharing secrets that are difficult to tell to parents or teachers with friends, they also know each other's weaknesses. In adolescence, where the boundaries between me and others are unclear, my friend is both my alter ego and an intruder. In that sense, adolescent relationships are precious but sometimes fatal. The precariousness comes from the immaturity of "we are one" and regard others as part of me.
Maeil Business Newspaper Korea's No. 1 Economic Media
Briefing Presented by Commissioner of Customs Lee Jong-wook The benefits of FTA even through third countries of U.S. crude oil Expected the introduction of an additional 16 million barrels per year The conversion of Australian naphtha alternatives to 'tariff-free' "Diversification of supply chains...Breakdown of Customs Administration Regulations" Korea Customs Service to support diversification of crude oil import lines (Seoul = Yonhap News) Reporter Yoon Dong-jin = Lee Jong-wook, head of...
Maeil Business Newspaper Korea's No. 1 Economic Media
The Ministry of Land, Infrastructure and Transport said, "There was no emergency report." Seoul Metropolitan Government "reports 6 official notices" Ministry of Land, Infrastructure and Transport refuses to reinforce Seoul Metropolitan Government's reinforcement method "Requests of trustworthy institutions are needed" A view of the construction site of the GTX-A Samsung Station section in Gangnam-gu, Seoul.
Maeil Business Newspaper Korea's No. 1 Economic Media
Saudi Arabia decreases 37.6% and U.S. increases 13.4% The import gap between the two countries decreases from 145 tons to 1,000 tons Government responds to supply and demand conditions by diversifying crude oil import lines A 300,000-ton supertanker of SK Shipping, which left the Red Sea carrying 2 million barrels of crude oil, is unloading at GS Caltex Oil Pier in Yeosu, South Jeolla Province on the morning of the 8th.
Maeil Business Newspaper Korea's No. 1 Economic Media
Representative who applied for personal bankruptcy in joint guarantee Maintaining five years of public information even after immunity "Special case recognition required for normal economic activities" Amid a surge in the proportion of ultra-high-credit people, their loan delinquency growth rate is five times the overall average, shaking the credibility of credit ratings due to inflation in credit scores.
Maeil Business Newspaper Korea's No. 1 Economic Media
2 million barrels of crude oil are more Korean than four oil tankers The government considers the necessity of cargo, the number of crew members, etc. The government also raises a rumor of the impact of the hit of the 'tree' The government draws the line 'not directly related' HMM's crude oil carrier 'Universal Winner' (Source = Marine Traffic) Among the various Korean-flagged oil tankers isolated in the Strait of Hormuz, the government has selected only HMM ships to pass through.
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