January 20, 2025 - 11:43

In a proactive move to safeguard its economy, South Korea announced on Monday a historic financing initiative aimed at supporting exporters in light of potential shifts in U.S. trade policies as Donald Trump prepares for his second term as president. The government has committed to providing a staggering 360 trillion won (approximately $247.74 billion) in policy financing to assist exporting companies through state-run banks and institutions throughout the year.
This significant financial support underscores South Korea's determination to mitigate any adverse effects stemming from changes in the U.S. trade landscape. In addition to the financing, the finance ministry revealed plans to enhance insurance support against foreign exchange fluctuations, increasing it to 1.4 trillion won from 1.2 trillion won in the previous year. Furthermore, the government will allocate 2.9 trillion won for various projects, including trade fairs and delegations, up from 2.1 trillion won, emphasizing its commitment to bolstering the export sector amidst uncertain global economic conditions.
April 22, 2026 - 09:14
Prudential Financial extends Japan sales pause after mis-selling scandalPrudential Financial, Inc. has announced a significant extension of its sales suspension for new life insurance policies in Japan. The move comes as the company continues to grapple with the...
April 21, 2026 - 21:18
Stock market today: Dow, S&P 500, Nasdaq slide amid US-Iran peace talk uncertaintyMajor stock indices closed lower today as investor anxiety over the fragile state of U.S.-Iran negotiations eclipsed significant corporate and political developments. The Dow Jones Industrial...
April 21, 2026 - 11:07
Mercuria Seeks New Liquidity in Asia With $200 Million FinancingIn a strategic move to secure new capital, global commodity trading giant Mercuria Energy Group is seeking to raise a minimum of $200 million through financing based in Asia. This initiative...
April 20, 2026 - 20:51
Stock market today: Dow slips, S&P 500 and Nasdaq retreat from records with Middle East peace talks at riskMajor U.S. stock indices pulled back from recent highs today, with investor sentiment dampened by renewed geopolitical risks in a critical global oil chokepoint. The Dow Jones Industrial Average...