Government to hold emergency economy ministers’ meeting… Choo Kyung-ho “It is difficult to be optimistic about exports in the second half of the year”

[제3차 비상경제장관회의 ]

“It is difficult to be optimistic regarding the export situation in the second half of the year,” said Choo Kyung-ho, deputy prime minister of economy and minister of Strategy and Finance.

Deputy Prime Minister Choo held a meeting of emergency economy ministers today (3rd) and said, “The situation facing exporters will not be easy in the second half of the year as the global supply chain instability continues due to the prolonged war in Ukraine and export logistics costs such as air and sea are still high.” Said this.

The government decided to expand trade finance for exporting small and medium-sized enterprises (SMEs) from 261 trillion won to more than 301 trillion won in response to increased logistics burden and rising raw material prices.

“We will strengthen policy efforts to fundamentally and structurally improve export competitiveness,” said Deputy Prime Minister Choo.