S. Korea launches large, more efficient tariff response system

The government launched a larger, more efficient new tariff response system on Thursday.

The Ministry of Economy and Finance announced in a meeting headed by First Vice Minister Kim Beom-seok that its original task force supporting orders and exports has been rededicated as the "One-Stop Tariff Response Support Headquarters" to deal with trade uncertainty.

Earlier in the day, Trade Minister Jeong In-kyo pledged swift and coordinated action with relevant agencies as he forecast that U.S. tariffs would begin impacting exports in the second quarter.

The meeting comes ahead of next week's visit to the U.S. by Finance Minister Choi Sang-mok and Trade Minister Ahn Duk-geun, who are both set to carry out trade negotiations in Washington.