Seoul stated today that it will support South Korean companies amid possible new United States tariffs on semiconductors. The South Korean Ministry of Finance indicated it is analyzing measures to minimize the impact on the country's exporters.
The US government advanced the imposition of tariffs on the chip sector, which constitutes South Korea's main export. This measure could significantly affect South Korean companies that are major semiconductor producers.
South Korean chip companies are important suppliers to the American market, and the new tariffs could increase export costs. Seoul assured that it is monitoring the situation and preparing responses to protect its companies' interests.
