Overview

• South Korea has introduced additional support measures for exporters facing U.S. tariffs, temporarily set at 10% but potentially rising to 25% in July.
• The government will implement a one-on-one liaison officer system to assist exporters with customs and tariff-related challenges.
• Shipping fee discounts for exporters will increase from 10% to 15% through partnerships with major logistics companies.
• To bolster the battery and EV industries, recycled material quotas and exemptions for low-risk production waste will be introduced.
• Negotiations with the U.S. on tariff exemptions under the 'July package' remain ongoing, with the deadline fast approaching.