South Korea Launches Export Guarantee Program for Steel Industry Amid US Tariffs

Post Views: 253 South Korea Steel The South Korean government is stepping up its efforts to support the steel industry amid the challenges posed by high US tariffs. In a recent announcement, Minister of Industry Kim Jong-kwan confirmed the introduction of a new export guarantee program to help mitigate the impact of US tariffs on the country’s steel producers. This initiative aims to safeguard supply chains and provide financial backing, with an estimated $290 million (400 billion won) in support.   South Korea’s Efforts to Counter US Tariffs The South Korean government will provide...