CoinwyCoinwy
  • Blockchain
  • Crypto
  • Market
  • News
Reading: South Korea Approves $23.3 Billion Budget to Counter US Tariffs
Share
Font ResizerAa
CoinwyCoinwy
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Categories
    • News
    • Market
    • Crypto
    • Coinbase
    • Mining
    • Stocks
  • Bookmarks
    • My Bookmarks
    • Customize Interests
  • More Foxiz
    • Blog Index
    • Sitemap
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Coinwy > Blog > Market > Business > South Korea Approves $23.3 Billion Budget to Counter US Tariffs
Business

South Korea Approves $23.3 Billion Budget to Counter US Tariffs

Thiago Alvarez
Last updated: July 5, 2025 6:49 am
Thiago Alvarez
Published: July 5, 2025
Share
Key Points:

  • South Korea adopts a $23.3 billion budget to counteract tariff effects.
  • President Lee leads economic stabilization efforts.
  • Tariff risks could affect critical industries.

This budget matters as it aims to shield South Korea from trade shocks, enhancing economic stability amid uncertain global trade relations.

The South Korean government, led by President Lee Jae Myung, has approved a $23.3 billion supplementary budget to combat potential risks from US tariffs. The National Assembly, with Democratic Party majority, ratified this financial intervention to stimulate the economy. Directed efforts focus on industries including automobiles, batteries, and semiconductors, shielding them from rising US tariffs. President Lee has been proactive in financial interventions, consistent with his policy history.

Immediate ramifications include direct cash handouts starting July 21, 2025, and emergency aid for affected sectors. The Finance Ministry has emphasized efficient resource allocation and industry support. The broader economic stimulus may indirectly enhance market liquidity and risk sentiment, potentially influencing crypto activity.

Historically, similar measures in East Asia, such as during the US-China trade conflict, have led to temporary increases in domestic liquidity and speculative trading. However, current data does not show direct impacts on cryptocurrencies. Market observers watch for potential liquidity increases that might affect trading scenarios within delegated crypto markets and digital assets.

“Our government is committed to proactive measures, including direct financial support and shoring up industries most exposed to global trade risks, to ensure economic stability for all citizens.” – President Lee Jae Myung, Korea Times

European Reinsurers Face $3.5 Billion LA Wildfire Losses
RWA.io Highlights Tokenized Treasuries’ Sustainable Yields Over DeFi
Tech Giants Investigate Stablecoin Payment Solutions
Trump Family’s Crypto Ventures Raise Ethical Questions
Realbotix Launches AI Humanoid Robots in 2025

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article MicroStrategy Stock Rises Amid Bitcoin Strategy Challenges
Next Article Ethereum Analysts Predict ‘Liftoff’ Phase in Wyckoff Pattern
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
Microsoft Ends Operations in Pakistan
BTC Price will Hit $100K before Bitcoin Sweeps $30K Lows
Crypto Bahamas: Regulations Enter Critical Stage as Gov’t Shows Interest

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

©2024 Coinwy.com. All Rights Reserved.
  • Privacy Policy
  • Contact
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?