South Korea, tariff
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South Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of U.S. President Donald Trump's tariffs on a sector that has seen years of sharply risin...
From Reuters
South Korea’s trade ministry announced emergency support measures for its auto sector, saying President Trump’s 25% tariff on Korean cars and auto parts will cause significant damage.
From Wall Street Journal
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South Korea's acting President Han Duck-soo called on Thursday for talks with U.S. officials to shield the export-reliant economy from the impact of U.S. tariffs and ordered emergency support measures for businesses.
Protectionist measures mostly led to poorly made appliances, expensive imports and industrial stagnation, but in South Korea they helped to raise an economic tiger.
These companies are crucial in firing up the engines of the auto industries. Read more at straitstimes.com. Read more at straitstimes.com.
South Koreas acting President Han Duck-soo has ordered emergency support measures for industries affected by sweeping new U.S. tariffs, including a 25% tariff on Korean automobile exports. The move follows President
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Yonhap News Agency on MSNS. Korea ranks 29th in global GDP growth in Q4 amid domestic slumpSouth Korea ranked 29th out of 37 major economies in terms of economic growth during the fourth quarter of 2024, as weak domestic demand and heightened political uncertainty weighed on the nation's performance,