7 months ago

South Korea to diversify exports, support US investments

South Korea to diversify exports, support US investments
Trade agencies to diversify S. Korean exports, support investments in US · thehansindia.com

South Korea's trade agencies, KOTRA and K-SURE, have plans to help the country sell more different kinds of products around the world.

Right now, South Korea mostly sells computer chips, cars, and ships.

KOTRA will set up new teams to help with selling things like food and other consumer goods.

K-SURE will provide low-interest loans to companies that want to invest in the United States.

South Korea has promised to invest a lot of money in the US, and in return, the US will lower some taxes on South Korean products.

Meanwhile, the US Supreme Court has not yet decided if special taxes that President Trump put on some countries, including South Korea, are legal.

The court did not make a decision this week as expected.

Key facts

Agencies Involved
KOTRA, K-SURE
Diversification Plan
20 new teams for overseas certification
Loan Program
49 trillion won by 2030
US Investment Pledge
350 billion USD
Shipbuilding Initiative
25 trillion won financial package
Tariff Cuts
In return for US investments
Supreme Court Ruling
No ruling yet on Trump's tariffs

Sources