On January 27, 2026, South Korea’s presidential office convened a high-level meeting to assess the implications of the US government’s announced tariff increases. The session was led by Policy Chief Kim Yong-beom and National Security Chief Wi Sung-rak, focusing on the country’s response and coordination across relevant ministries. The meeting aimed to evaluate the current situation, discuss countermeasures, and ensure a unified approach to the evolving trade environment. The US tariff announcement by President Trump prompted urgent policy review and strategic planning among South Korean officials.
The meeting included key vice ministers such as Yeo Han-gu (Trade Negotiations), Lee Hyung-il (Finance and Economy), and Kim Jin-ah (Foreign Affairs), alongside senior presidential aides. Notably, Kang Hoon-sik (Chief of Staff) and Kim Jung-kwan (Minister of Industry and Trade), currently in Canada as part of a strategic economic cooperation delegation, participated remotely. The policy review directly impacts South Korean exporters, trade negotiators, and industries affected by US tariff changes. Coordination among economic, security, and future planning officials highlights the comprehensive nature of the response.
Officials closely examined the status of the “Special Act for Strategic Investment Management between Korea and the US,” which is being pursued as a follow-up to tariff negotiations. Minister Kim Jung-kwan is scheduled to visit the US after completing his Canada trip to discuss related matters with US Commerce Secretary Rutnik. Trade Negotiations Chief Yeo Han-gu also plans to meet with USTR Representative Greer in the near future. The implementation of US tariff increases depends on administrative actions such as publication in the Federal Register, and the South Korean government is committed to conveying its intent to comply with tariff agreements while maintaining a measured response.
Frequently asked questions include: What is the government’s immediate response to the US tariff increase? The government is monitoring administrative procedures and preparing diplomatic engagements. Who will lead negotiations with US counterparts? Minister Kim Jung-kwan and Chief Yeo Han-gu are scheduled for direct talks with US officials. What is the status of the Strategic Investment Law? The law is under review, with progress updates discussed at the meeting. These actions aim to ensure South Korea’s interests are protected and that communication with US authorities remains active.
South Korea’s response to the US tariff increase is characterized by prompt, coordinated action across multiple government agencies. The review of the Strategic Investment Law and planned diplomatic visits signal a commitment to constructive engagement and compliance with international trade agreements. The inclusion of remote participants from Canada underscores the urgency and global scope of the issue. By maintaining open communication channels and preparing for administrative developments, South Korea is positioning itself to manage the impact of US tariffs effectively.