Deputy Prime Minister and Minister of Economy and Finance Koo Yun Cheol held a meeting with major exporters – including Samsung Electronics, SK Hynix, Kia/Hyundai Motor, Hanwha Ocean, and POSCO Holdings – at the Government Complex-Seoul on November 18. During the meeting, the participants reviewed the current state of exports and investment and discussed public-private cooperation measures to support investments in the United States and stabilize foreign exchange (FX) supply and demand.
DPM Koo acknowledged that, despite challenging external conditions this year, Korea’s overall exports have begun to show signs of recovery thanks to the continued efforts of Korean companies. He added that, in the process of investments in the United States following the tariff negotiations, the government will stay in close contact with the business community to ensure that such investments serve both national and corporate interests.
DPM Koo asked for close cooperation from the participating companies, as the government seeks to stabilize the exchange rate by closely working with major exporters – key players in FX supply and demand – to achieve structural improvements in the FX supply-demand balance. The participating companies concurred that a stable FX market would support smoother business operations and expressed their commitment to actively engage in forthcoming discussions.
The participants also agreed that, amid strong performance by exporters despite tough external conditions, it is essential to work together to foster a virtuous cycle in which export profits are returned and invested domestically, thereby contributing to productivity enhancement, in order to sustain the competitiveness of the Korean economy.
Last but not least, DPM Koo noted that the government will significantly increase next year’s export support budget (KRW 1.6 trillion in 2025 → KRW 4.3 trillion under the 2026 budget proposal) to strengthen the competitiveness of export-oriented companies. He added that measures are also being prepared to diversify export markets by expanding the FTA network and enhancing cooperation with the Global South. He also said that the government will actively pursue regulatory rationalization in coordination with relevant ministries to build a more business-friendly environment.
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