South Korea Announces €240 Billion ($250 Billion) Record Support for Exporters Amid Trump Policy Concerns

Jan 20, 2025, 05:55 AM

South Korea is set to provide a record €240 billion ($250 billion) in financial support for exporters as the country prepares for the potential impact of Donald Trump's policies following his second inauguration. This unprecedented financing initiative aims to mitigate any adverse effects from changes in U.S. trade policies. The South Korean government is responding to concerns regarding possible tariffs and other trade barriers that may arise under Trump's administration. The announcement underscores the urgency for South Korean exporters to bolster their competitiveness in a shifting trade landscape.