South Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of U.S. President Donald Trump's tariffs on a sector that has seen years of sharply rising exports to the United States.

South Korea has announced emergency support measures for its domestic automobile industry, which is expected to be significantly impacted by U.S. President Donald Trump's 25% tariff on imported cars.

SEOUL] South Korea on Wednesday unveiled a US$2 billion emergency support package for its crucial export-focused carmakers, warning US President Donald Trump’s 25 per cent tariffs on the sector could be a “significant blow”.