Reported about 14 hours ago
South Korea's finance minister announced plans to implement support measures for critical sectors ahead of the 25% tariff imposed by the U.S. government, which takes effect this week. The government aims to analyze the macroeconomic impact and assist the auto sector, a significant part of exports to the U.S., which reached $127.8 billion in 2024. Additionally, trade officials are set to engage in negotiations with U.S. counterparts to seek a reduction of the tariff rate while preparing for potential liquidity support for affected companies.
Source: YAHOO