Commerce Issues and Responses of Korea Steel Industry

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      On October 25, 2016, Byungwoo Lee, an executive director from Korea Iron & Steel Association (KOSA), gave a lecture to the students of the FTA Commerce and Strategy program under the topic, “Commerce Issues and Responses of Korea Steel Industry.” Director Lee introduced about Korean steel industry, which is the nation’s key industry, and showed the general trend of the world steel industry nowadays. He emphasized that the main commerce issue in Korean steel industry comes from the high imports despite sufficient domestic supply, which results in the increase of lawsuits regarding Chinese steel imports. Lastly, he concluded with the further implications for the Korean steel industry and the role of government.