Park Je-one

2 weeks ago | pulse.mk.co.kr | Park Je-one |Han Chang-ho |Yu Jun-ho |Han Yubin

The South Korean government has decided to increase policy funding for the automotive industry to 15 trillion won ($10.4 billion), in response to U.S. tariffs. The move comes after the United States under President Donald Trump began imposing a 25 percent tariff on all vehicles produced outside the U.S. as of April 3 and plans to extend the same 25 percent tariff to auto parts starting on May 3.