Economy

South Korea Launches Economic Security Task Force Amid U.S. Trade War Threats

South Korea's Strategic Response to U.S. Trade Policies

In a decisive move to counter the escalating trade war initiated by the United States, Acting Prime Minister Han Duck-soo announced the formation of the Economic Security Strategy Task Force. This initiative aims to bolster South Korea's defenses against the impending high tariffs from the U.S., set to take effect in a week.

Prime Minister Han Duck-soo addressing the nation

Enhancing Response Capabilities

During a crucial meeting with trade-related ministers, Han emphasized the urgent need to enhance South Korea's ability to navigate through the increasing external uncertainties, particularly those posed by U.S. tariff policies. "Our mission is clear: to secure national interest amidst this trade war," Han stated, showcasing his commitment to leveraging his trade and diplomacy experience.

Domestic Challenges and Decisions

Aside from tackling international trade issues, Han faces a domestic dilemma regarding the veto of an amendment to the Commercial Law. With opinions divided among ministries, the decision remains pending, highlighting the complexities of governance during turbulent times.

Presidential Support and Shifts

The Presidential Office has shown unwavering support for Han's administration, marking a departure from previous practices. This shift underscores a united front in addressing both domestic and international challenges, reinforcing the government's dedication to national interest.