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South Korea Vows Enhanced Policy Support to Mitigate US Tariff Impact, Emphasizing Pharmaceutical Sector
2025-05-21 /
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Author：小编
On Wednesday, the South Korean government announced its commitment to bolstering support for pivotal export sectors, notably biopharmaceuticals and automobiles, in response to the challenges posed by the extensive tariff hikes imposed by US President Trump. Since Trump introduced tariffs on various goods and a specific 25% tariff on Korean products, South Korea has rolled out an array of support measures encompassing the automotive, semiconductor, and small-to-medium-sized export enterprises. The government underscored its intention to persistently devise tailored support programs aimed at alleviating the pressure of these tariffs.
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