South Korea's Response to U.S. Trade Policy Changes

SEOUL (Reuters) – South Korea's finance minister stated on Thursday that the government aims to minimize adverse effects from potential changes in U.S. trade policies. This will be achieved through close discussions with local companies.

"We will listen to what companies need to say to come up with strategies to respond, and work to minimize any adverse impact on local companies," said Choi Sang-mok during a policy meeting with foreign and trade ministers, addressing changes expected in the upcoming U.S. administration following Donald Trump's election victory.

Choi also mentioned that the government plans to closely monitor financial markets and implement contingency measures if volatility increases due to the transition in U.S. leadership.