In an effort to support South Korean exporters, Acting President Choi Sang-mok announced a landmark plan to provide 360 trillion won (approximately $249.3 billion) in trade policy financing. The initiative aims to help businesses navigate the challenges posed by evolving global trade dynamics and increasing pressures from U.S. tariff policies.
At a cabinet meeting on Tuesday, President Choi emphasized the importance of proactive measures in response to global trade changes. “We are committed to supporting our exporters, as the economic fate of nations will be shaped by how they adapt to shifting trade conditions,” he stated.
This unprecedented financing plan is expected to provide a significant boost to South Korea’s trade sector, particularly as exporters face rising uncertainties. The government’s decision reflects its commitment to fostering economic stability and ensuring the continued growth of the nation’s export-driven economy.
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