The South Korean government is due to announce measures to bolster the country's competitiveness in the materials, parts and equipment sectors as part of its efforts to cope with Japan's export curbs.
Seoul's Industry Minister Sung Yun-mo will unveil the new measures in a few hour's time... which are expected to include government support such as extra funding, tax relief and deregulation measures.
On Sunday,… Sung said the government will muster all the necessary assets and capabilities to ease the burden on South Korean firms,… emphasizing the importance of cooperation between local companies at this difficult time.