News / South Korea moves to support export supply chains as tariffs loom

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In preparation for the expected introduction of wide-ranging tariffs on goods imported into the US, the South Korean government has set aside $250bn to aid exporters.

The Ministry of Economy and Finance said the funds would be used for both supporting low-income families and the country’s exporters, the chief engine of its economy.

Announcing the investment, the ministry said: “[The] Korean economy has recently faced sluggish recovery in domestic demand, while the pace of export growth is slowing, and the uncertainty regarding ...