On Sept. 4, the South Korean government hosted an emergency economic ministerial meeting, laying out expansive measures targeting export acceleration and economic revival amid global uncertainties. The strategy commits up to $137.2 billion (181 trillion won) for trade and export finance to be rolled out by year-end, bolstering support for export vouchers and international exhibitions. Moreover, regulatory easements are set for bonded factories serving SMEs, and a policy extension will allow small and medium-sized enterprise (SME) shippers in the Busan port an extended pre-arrival window for their export containers.

The government’s plans also center around diversifying its export