Acting President Choi Sang-mok vows to mobilize all possible means against Trump's tariffs

Acting President Choi Sang-mok pledged to mobilize all possible means to minimize any negative impacts from Trump's tariffs.

During a meeting with local companies on Monday, Choi said the government will not only maintain communication with the U.S. but also engage with the Mexican and Canadian governments as well as Korean businesses in those regions.

The authorities also plan to allocate 2-point-9 trillion won, or nearly 2-billion dollars, to support export initiatives.

This comes as the benchmark KOSPI surrendered 2-point-5 percent on Monday to close at 2-thousand-4-hundred-53.

The Korean won also weakened against the U.S. dollar, with the exchange rate ending at 1-thousand-4-hundred-67 won against the greenback.