Acting President Choi pledges efforts to reduce trade risks

Meanwhile acting President Choi Sang-mok has reaffirmed government support for small-and-medium sized businesses amid the 25-percent U.S. tariffs on steel and aluminium imports into the American market.

During a meeting on this Wednesday he spoke of trade insurance for the steel sector and consultations for smaller companies to address the financial burden of tougher U.S. tariffs.

Choi also highlighted the importance of maintaining close and constructive communication with all parties involved to minimize the potential fallout from excessive trade barriers.