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South Korea Offers KRW 250 Billion in Low-Interest Loans to Support Small and Medium-Sized Auto Parts Manufacturers Amidst Tariff Challenges
2025-05-28 /
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Author：小编
On Wednesday, South Korea's Ministry of Trade, Industry, and Energy announced a government initiative to provide KRW 250 billion (roughly USD 182.4 million) in low-interest loans to small and medium-sized auto parts manufacturers by the end of next year. This measure aims to alleviate the financial strain caused by US tariff measures. Beginning in 2024, companies that export eco-friendly auto parts will be eligible to apply for these loans, with each company able to receive up to KRW 500 million in working capital.
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