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

Acting President and Prime Minister Han Duk-soo is preparing for a crucial meeting with the leaders of South Korea's four major conglomerates—Samsung, SK, Hyundai Motor, and LG—to devise strategies against the escalating U.S. tariff war. This high-stakes discussion is scheduled for early next month, closely following the U.S. announcement of reciprocal tariffs.

Collaborative Efforts to Mitigate Trade Challenges

The meeting aims to address the conglomerates' challenges under the Trump administration's policies, including heightened tariffs. Prime Minister Han seeks to understand the sector-specific impacts on industries like semiconductors, automobiles, and home appliances, and to explore effective countermeasures.

Government and Private Sector Unite for Economic Security

In response to these external pressures, the South Korean government is enhancing its collaborative framework through the "Economic Security Strategy Task Force," integrating public and private sector insights to safeguard national economic interests.

Prime Minister Han emphasized his commitment to immediate action and diplomatic engagement to protect the nation's industries and ensure stable business operations, reflecting the urgent need for a unified approach to these global trade tensions.