South Korean government offers $182.2 million in low-interest loans to support auto-parts firms hit by US tariffs
Eligible firms can receive up to 500 million won to mitigate the economic impact of US tariffs
The South Korean government announced plans to provide a total of 250 billion won (about $182.4 million) in low-interest loans to small and medium-sized auto-parts manufacturing firms until the end of 2026 as a measure to mitigate the impact of US tariff, Yonhap News Agency reported May 28.
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