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Minister Sung discusses impacts of coronavirus outbreak on Korean trade 2020-02-03

  • Minister Sung discusses impacts of coronavirus outbreak on Korean trade Image 0

    Trade, Industry and Energy Minister Sung Yun-mo (center) held a meeting with representatives from trade organizations and semiconductor, automobile, and shipbuilding industries in Seoul, on February 3, to check the impact of the recent outbreak of the novel coronavirus and discuss preemptive measures to minimize the damage to the Korean economy.

     

    The government plans to support Korean exporters to China and companies with production bases in China facing difficulties from the spread of the coronavirus, and put forth all efforts to respond to any disruptions it might cause to the global supply chain. Minister Sung said that although the coronavirus has shown limited impact on Korean exports so far, it is important to respond with speed in order to reduce negative consequences on Korean trade.