Choi Sang-mok: "All Available Means Mobilized for Tariff Damage Support, Public-Private Export Strategy Meeting Resumed"

Yonhap News

Choi Sang-mok, Acting Prime Minister and Minister of Economy and Finance, emphasized on the 18th, "We will mobilize all available means to support tariff damage relief."

On the 18th, Acting Prime Minister Choi held the 6th Export Strategy Meeting at the government complex in Jongno-gu, Seoul, stating, "Today, we will focus on discussing measures to proactively and systematically respond to the recently increased export uncertainties."

Acting Prime Minister Choi explained, "With the new U.S. administration's policies being announced one after another, exports this year face greater uncertainty than ever before. Tariffs on steel and aluminum with Canada and Mexico are scheduled for March, and plans for mutual tariffs and automobile tariffs were also announced in April." He added, "As the impact on exports to the U.S. spreads, export competition in other regions is expected to intensify."

He also mentioned, "Starting today, we will resume the public-private joint Export Strategy Meeting, operating it as a forum where related agencies and companies can frequently come together to concretize response strategies."

Meanwhile, he said, "Last year's exports were a strong pillar for our economy during difficult times, achieving a record high export performance with an annual increase of 8.1%, and rising two ranks to 6th place globally."

This content was produced with the assistance of AI translation services.