Government rolls out sweeping aid package, including record W366tr in policy funding
Acting President Choi Sang-mok speaks at a Cabinet meeting held at the goverment complex in Seoul on Tuesday. (Ministry of Economy and Finance) Acting President Choi Sang-mok speaks at a Cabinet meeting held at the goverment complex in Seoul on Tuesday. (Ministry of Economy and Finance)
The South Korean government declared an "all-out" efforts in response to escalating global tariff tensions on Tuesday, unveiling a substantial support package for local businesses under growing pressure.
"With the new Trump administration triggering a tariff war, South Korea faces increasing uncertainty on the exports front," acting President Choi Sang-mok said in a Cabinet meeting. "We are now launching an all-out efforts on trade. From this point, how a country responds to the US-led trade war will shape its future."