Gov't thanks companies, vows to minimize impact of U.S. tariffs

South Korea's recent trade deal with the U.S. has eased uncertainties for the nation's exporters.

This is according to Industry Minister Kim Jung-kwan, who reaffirmed on Monday the government's efforts to minimize the impact of U.S. tariffs on local industries, at meetings in Seoul with the chiefs of two major business lobby groups.

The minister pledged to devise additional measures to help Korean businesses strengthen their competitiveness, especially in strategic sectors including shipbuilding, automobiles and semiconductors.

He expressed his gratitude to the business community for its all-out support, with top executives actively involved in efforts to secure a trade deal.