South Korea says it will work to minimise any adverse trade impact after US election

11/06/2024

Less than a minute

2024.11.06 20:38

SEOUL (Reuters) – South Korea’s finance minister said on Thursday its government would work to minimise any adverse impact expected from changing U.S. trade policies by closely discussing the issue with local companies.

© Reuters. FILE PHOTO: Korean Finance Minister Choi Sang-mok speaks during a trilateral meeting with U.S. Treasury Secretary Janet Yellen and Japanese Finance Minister Shunichi Suzuki on the sidelines of the IMF/G20 meetings, at the U.S. Treasury in Washington, U.S., April 17, 2024. REUTERS/Kevin Lamarque/File Photo

“We will listen to what companies need to say to come up with strategies to respond, and work to minimise any adverse impact on local companies,” Choi Sang-mok said in a policy meeting with foreign and trade ministers to discuss changes expected in the next U.S. administration after Donald Trump’s election victory.

Choi also said the government would closely monitor financial markets and deploy contingency measures should volatility increase in the process of the change in the U.S. administration.

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11/06/2024

Less than a minute