South Korea Unveils Stimulus Plan as Tariff Team Readies US Trip

South Korea unveiled a 12 trillion won ($8.4 billion) supplementary budget plan to shore up the country’s export-reliant economy threatened by Donald Trump’s tariffs as officials prepare to head to the US to negotiate a lower duty.

The amount is up from an originally planned 10 trillion won, with a third of the total earmarked for dealing with trade risks and boosting the country’s artificial intelligence capabilities, Finance Minister Choi Sang-mok said Tuesday.

Choi Sang-mok

Photographer: SeongJoon Cho/Bloomberg

“Timing is the most important for this extra budget,” Choi said at a meeting with top economic policymakers. “I earnestly request the parliament’s bipartisan cooperation ...