South Korea to Unveil Emergency Measures for Automakers in April
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South Korea’s top trade official said the government will come up with steps to help the auto industry by next month, after he earlier convened an emergency meeting with business leaders to discuss the new 25% tariff on US auto imports.
“It’s feared the US tariffs will cause significant difficulties for our auto companies’ US exports,” South Korea’s Industry Minister Ahn Duk-geun said in a meeting in Seoul on Thursday. “We will work closely with the industry to find a way to respond, as well as with relevant agencies to announce emergency measures for the automobile industry by April.”