South Korean government ministry responsible for trade, industry and energy resources policy.
South Korea held its gasoline price cap at 1,784 won a liter for a fourth straight period, with Brent at $105.90. Industry estimates put refiners' losses at 7 trillion to 8 trillion won, above the 5.6497 trillion won budgeted.
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White House press secretary Katie Zacharia tied $54 billion of Korea's up-to-$200 billion US energy package to Alaska LNG on Tuesday. Seoul's trade ministry says the project is not finalized and needs a commercial-viability review first.
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President Lee Jae Myung shelved Korea's bid to join the 12-member CPTPP this year after farmers and fishers objected. Seoul set no new deadline, so exporters hoping for tariff cuts in Japan, Mexico and the rest of the bloc cannot count on an application before next year.
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Fifteen economies, including the US, the EU, Japan and Korea, agreed to tackle overcapacity in EVs, batteries and solar panels without China. So far the commitment is sector platforms and technical talks before December, with no tariff or quota attached.
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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.
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