Gov't to mobilize US$ 20.6 bil. in policy funds to counter tariff-related trade risks

The Finance Ministry will mobilize policy funds to counter U.S. tariff-related trade repercussions.

Policy funds totaling 28-point-6 trillion won or over 20 billion U.S. dollars will be earmarked for affected businesses to stabilize their operations to diversify their markets and for their facility investment.

Acting Finance Minister Kim Beom-seok has also spoken of a support plan for product-specific tariffs including those on pharmaceuticals and semiconductors in the near future.