South Korea to Extend Liquidity Support for Firms Hit by Trump Tariff Woes

South Korea's financial regulator said that authorities are fully prepared to provide up to 100 trillion won (US$68.12 billion) in emergency liquidity and other market stabilization measures to companies affected by the sweeping tariffs imposed by the Trump administration, Oh Seok-min reported for Yonhap News Agency.

The country’s five largest financial holding firms—KB, Shinhan, Hana, Woori, and NH Nonghyup—were called on to play an active role in channeling essential funds to affected businesses. I Photo: Seoul Institute Wikimedia Commons

Kim Byoung-hwan, chief of the Financial Services Commission (FSC), reaffirmed the government’s support during a meeting with the heads of the country’s five largest financial holding firms—KB, Shinhan, Hana, Woori, and NH Nonghyup.

He called on them to play an active role in channeling essential funds to affected businesses.

“Uncertainties are running high across the domestic economy, industries, and financial markets due to the tariff policy,” Kim said.

“Financial holding companies and policy finance institutions should take the lead in stabilizing the market and play a more active role in providing financial support to businesses and other sectors.”

He added that the regulator will make all-out efforts to implement the 100 trillion won market stabilization program smoothly and inject liquidity whenever necessary.