Reported 2 days ago
South Korea's new President Lee Jae-myung began his term amid significant challenges, including increased tariffs imposed by the U.S. and the delicate issue of North Korea. On his inauguration day, President Trump raised tariffs on steel and aluminum, which are crucial for South Korea’s economy, prompting Lee to pledge a focus on economic revival and restoring communication with North Korea. He outlined plans for a substantial stimulus package to support households and businesses while seeking to balance domestic policies with international relations, particularly in light of rising tensions in the region.
Source: YAHOO