{"id":2208433,"date":"2025-02-20T08:00:16","date_gmt":"2025-02-19T23:00:16","guid":{"rendered":"https:\/\/koreapro.org\/?p=2208433"},"modified":"2025-02-19T16:05:06","modified_gmt":"2025-02-19T07:05:06","slug":"south-korea-unveils-254-billion-export-rescue-plan-amid-rising-protectionism","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2025\/02\/south-korea-unveils-254-billion-export-rescue-plan-amid-rising-protectionism\/","title":{"rendered":"South Korea unveils $254 billion export rescue plan amid rising protectionism"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">South Korea\u2019s trade ministry (MOTIE) unveiled on Wednesday its <\/span><a href=\"https:\/\/www.motie.go.kr\/kor\/article\/ATCL3f49a5a8c\/170162\/view?mno=&amp;pageIndex=1&amp;rowPageC=0&amp;displayAuthor=&amp;searchCategory=0&amp;schClear=on&amp;startDtD=&amp;endDtD=&amp;searchCondition=1&amp;searchKeyword=#\"><span style=\"font-weight: 400;\">largest-ever emergency export response package<\/span><\/a><span style=\"font-weight: 400;\">, outlining $254.3 billion (366 trillion won) in trade financing, tariff countermeasures and market diversification initiatives to shield exporters from escalating global trade risks. Key measures include export insurance discounts, financial relief for SMEs and increased support for semiconductor, AI and defense exports. The government also announced expanded trade hubs in 14 emerging markets, particularly in the Global South, and pledged $38.2 billion (55 trillion won) in trade insurance for alternative markets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The package is a direct response to new U.S. tariffs, which threaten to disrupt global trade flows, and intensifying high-tech export competition. MOTIE warned of severe headwinds in the first half of the year, citing supply gluts in semiconductors and EVs, price pressures in OPEC+ energy markets and tightening foreign investment in emerging economies. The government will also introduce special financing for companies relocating back to South Korea, expand defense and aerospace tax exemptions and launch trade delegations to the U.S. and Europe to secure new business opportunities.<\/span><\/p>\n<p><b>WHY IT MATTERS<\/b><\/p>\n<p><span style=\"font-weight: 400;\">This is a defensive maneuver, not a position of strength. South Korea\u2019s record exports in 2024 masked deepening vulnerabilities \u2014 rising trade protectionism, dependence on the U.S. and China and growing supply chain instability. The emergency package highlights government fears that South Korean exporters face cascading economic and geopolitical shocks. While the Global South pivot suggests a move toward market diversification, these new trade hubs remain untested and face structural obstacles.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">MOTIE\u2019s record-breaking trade finance injection signals a willingness to absorb near-term shocks, but at a cost. Heavy intervention risks distorting risk pricing, fostering overcapacity and delaying critical structural reforms. Meanwhile, the government\u2019s U-turn incentives for firms relocating back to South Korea reflect an expectation of prolonged supply chain disruption.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ultimately, this package is a stopgap, not a solution. The government can shore up exporters with liquidity, insurance and incentives, but it cannot dictate U.S. trade policy, counter China\u2019s supply glut or control currency volatility. The real test is whether Korean firms can adapt to the shifting global trade landscape faster than their competitors.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>South Korea\u2019s trade ministry (MOTIE) unveiled on Wednesday its largest-ever emergency export response package, outlining $254.3 billion (366 trillion won) in trade financing, tariff countermeasures and market diversification initiatives to shield exporters from escalating global trade risks. Key measures include export insurance discounts, financial relief for SMEs and increased support for semiconductor, AI and defense [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2208434,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24],"class_list":["post-2208433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea unveils $254 billion export rescue plan amid rising protectionism - Korea Pro<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2025\/02\/south-korea-unveils-254-billion-export-rescue-plan-amid-rising-protectionism\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea unveils $254 billion export rescue plan amid rising protectionism - Korea Pro\" \/>\n<meta property=\"og:description\" content=\"South Korea\u2019s trade ministry (MOTIE) unveiled on Wednesday its largest-ever emergency export response package, outlining $254.3 billion (366 trillion won) in trade financing, tariff countermeasures and market diversification initiatives to shield exporters from escalating global trade risks. 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