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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...
From Reuters
The sweeping new tariffs announced by President Donald Trump on Wednesday triggered a slump in global stock markets, with the US S&P 500 having its worst day since the impact of Covid in 2020.
From BBC
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With a snap election looming, South Korea's rival parties jockeyed for position with vows to focus on the economy and livelihood, but the leaderless country remains hamstrung when it comes to confronting the biggest threat: Trump and tariffs.
Protectionist measures mostly led to poorly made appliances, expensive imports and industrial stagnation, but in South Korea they helped to raise an economic tiger.
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
Confusion arises as Trump cites 25% tariff for Korea, while White House document lists 26% US President Donald Trump imposed 25 percent tariffs on all imports from South Korea, leaving authorities and businesses bracing for the impact on the export-dependent nation.
Acting President and Prime Minister Han Duck-soo at an economic policy meeting in Seoul on Thursday directed Trade Minister Ahn Duk-guen to prepare "emergency support measures" for the country's auto sector and other industries that will be hit by the U.S. tariffs, according to the trade ministry.
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Yonhap News Agency on MSNS. Korea, India discuss measures to bolster trade cooperationSouth Korea and India held a joint forum on growth strategy Friday and discussed measures to expand bilateral cooperation in trade, Seoul's industry ministry said. In the Seoul forum, the two sides discussed advancing collaboration in trade and investment,