• EN
    • ES
  • About YIEH
  • About YIEH
    • About Us
    • Vision & Values
    • Affiliate Companies
    • Office Branch
    • Privacy Policy
    • Certificates
  • Products
    • Stainless Steel
    • Stainless Steel Hot Rolled Coil
    • Stainless Steel Cold Rolled Coil
    • Stainless Steel Strip
    • Stainless Steel Plate
    • Stainless Steel Checker Plate
    • Stainless Steel Sheet
    • Pre-painted Stainless Steel Coil / Sheet
    • Carbon Steel
    • Carbon Steel Hot Rolled Coil / Strip / Plate / Sheet
    • Carbon Steel Cold Rolled Coil / Strip / Sheet
    • Coated Steel
    • Hot-dip Galvanized Steel
    • Hot-dip Galvalume Steel / Hot-dip Galfan Steel (GL / GF)
    • PPGI / PPGL / PPGF
    • Electro Galvanized Steel (EGI)
    • Aluminum
    • Aluminum Sheet
    • Aluminum Plate
    • Aluminum Coil and Strip
    • Aluminum Foil
    • Aluminum Checker Plate
    • Aluminum Embossed Coil
    • Aluminum Disc
    • Aluminum Customized Profile
    • Aluminum Architectural Profile
    • Aluminum Industrial Profile
    • Aluminum Channel
    • Color Coated Aluminum Coil / Sheet
    • Pipe/ Tube
    • Stainless Steel Welded Pipes / Tubes
    • Stainless Steel Seamless Pipes / Tubes
    • Carbon Steel Welded Pipes / Tubes
    • Carbon Steel Seamless Pipes / Tubes
    • Alloy Steel Seamless Pipes / Tubes
    • High Steel Grade Line Pipes
    • Aluminum Tube / Pipe
    • Bar
    • Stainless Steel Bar
    • Carbon Steel Bar
    • Hot Rolled Reinforcing Bar
    • Special Steel Bar
    • Aluminum Angle Bar
    • Aluminum Flat Bar
    • Aluminum Square Bar
    • Aluminum Round Bar
    • Wire Rod
    • Stainless Steel Wire Rod
    • Stainless Steel Wire
    • Carbon Steel Wire Rod
    • Galvanized Steel Wire Ropes
    • PVC Coated Galvanized Wire Ropes
    • Ungalvanized Steel Wire Ropes
    • Others
    • Silicon Steel
    • Titanium / Nickel & Alloy
    • Abrasion Resistant Steel
    • Micro-Alloyed Steel
    • Seamless and Welded Butt Weld Fitting
    • Forged Flanges
    • Stainless Steel Screws-YCS 550
  • Steel News

    Yieh Steel Market News

    LME Official Price Info

    Top Headline

    LME nickel futures hit one-month high on Jul 3
  • Customer Service
  • Marketing Platforms

    Coil Exchange Center

    CEC Q&A

    Why YIEH's Offer

    YIEH's Offer

  • Register
  • Inquiry
  • Catalogue
  • Privacy
    Catalogue Inquiry
    English Español

Steel News

We strive to let you one step ahead of the market.

Home Steel News South Korea announces automotive industry support measures in response to US tariffs
  • Topic
  • Region
The Latest Stainless Steel Carbon Steel Aluminum Longs, Pipes, Tubes Raw Materials Industrial Activities Government Policies Decarbonization Others
Asia & Pacific China Middle East & Central Asia Europe Africa North America South & Central America Global

South Korea announces automotive industry support measures in response to US tariffs

11 Apr 2025 15:57 reported by Yana

A A A

South Korea has announced emergency measures to support its automotive sector following US tariff hikes, shifting focus to domestic and "Global South" markets. In 2024, auto exports to the US accounted for US$34.7 billion of South Korea's US$127.8 billion total exports to the country.

 

The government will provide KRW 3 trillion (US$2 billion) in emergency liquidity, expand policy financing to KRW 15 trillion (US$10.18 billion), and raise electric-vehicle subsidies to 30%-80% of price discounts from the current 20-40% with the period extended by six months to the end of this year. Taxes on automobile purchases new cars will also drop from 5% to 3.5% by June.

 

Additionally, public agencies will prioritize purchasing eco-friendly commercial vehicles in 2025. Eco-car sales surged 50% domestically and 32% in exports in February. To diversify markets, South Korea will boost trade support for deals with the UAE, Mexico, and others. Meanwhile, South Korean battery firms (LGES, SK On, Samsung SDI) saw global EV market share fall to 17.7%, down by 5.5% year on year, prompting calls for localized North American production.

Back to Steel News

Related News

US initiates AD & CVD reviews on light-walled rectangular pipes from 4 countries

  • Government Policies
  • 4 Jul 2025 14:37

India to develop recycling and scrapping industry actively

  • Government Policies
  • 3 Jul 2025 16:14

Brazil extends AD duties on India’s grinding balls by 5 years

  • Government Policies
  • 3 Jul 2025 15:13

US assigns zero final dumping margin to Thailand’s welded carbon steel pipes

  • Government Policies
  • 3 Jul 2025 15:10

India's Steel Ministry clarifies BIS compliance for intermediate steel products

  • Government Policies
  • 3 Jul 2025 15:10

Metal Price Index

  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug13,50014,00014,50015,00015,50016,000
  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug2500260027002800
  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug220023002400250026002700
  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug800085009000950010,00010,500
  • Nickel
  • Zinc
  • Aluminum
  • Copper

Learn more

LME Official Bid Price

  • USD / MT
  • Cash
  • 3 Months
  • Zinc
  • 2,726.50
  • 2,749.50
  • Aluminum
  • 2,603.50
  • 2,608.50
  • Copper
  • 10,119.00
  • 10,010.00
  • Nickel
  • 15,230.00
  • 15,400.00

Learn more

No 6, E-Da Road, Yanchao Dist., Kaohsiung City, Taiwan, 82445 R.O.C.

About YIEH Register Inquiry EN ES
Copyright © Yieh Corp. All Rights Reserved.