South Korea Vows Support for Biopharmaceutical, Auto Sectors over US Tariffs

South Korea vows more policy support as US tariffs weigh

SEOUL—South Korea pledged on Wednesday more support measures for key export industries such as biopharmaceuticals and autos, as US President Donald Trump’s sweeping tariffs weigh on the trade-reliant economy. Since Trump slapped tariffs on various products and announced 25-percent duties on South Korea, Seoul has prepared support packages for its auto and chip sectors, as

South Korean Early May Exports Fall as Shipments to US Slump

South Korea’s early trade data showed exports falling again this month especially to the US as negotiations between Seoul and Washington continue over tariffs on shipments from the Asian nation.

South Korea vows support for biopharmaceutical, auto sectors over US tariffs

USA-TRUMP/TARIFFS-SOUTHKOREA:South Korea vows support for biopharmaceutical, auto sectors over US tariffs

South Korea to boost export measures as U.S. tariff deadline nears

South Korea has promised fresh measures for its major export industries, from biopharmaceutical makers to car producers, as the country braces for the economic impact of U.S. tariffs imposed by Trump. The government has already rolled out aid for auto and chip firms after Washington announced 25% duties on Korean goods. Acting Finance Minister Kim Beom-seok said on Wednesday that the new package will “prepare in advance for item-specific tariffs…

South Korea vows more support measures over US tariffs, including for drugmakers

South Korea’s government pledged more support measures on Wednesday (May 21) for key export industries, including the biopharmaceutical and auto sectors, which are expected to be hit by US President Donald Trump’s sweeping tariffs.

US FDA inspects Samsung Biologics facilities in South Korea

Seoul, May 21 (SocialNews.XYZ) The US Food and Drug Administration (FDA) is currently conducting an on-site inspection of Samsung Biologics' production facilities in South Korea, industry sources said on Wednesday. According to the sources, the FDA launched the inspection at the company's facilities in Songdo, west of Seoul, and is scheduled to continue through Tuesday. Samsung Biologics is South Korea's largest bio company and a major global co…