South Korea vows support for biopharmaceutical, auto sectors over US tariffs

SEOUL (Reuters) -South Korea's government pledged on Wednesday more support measures for key export industries, including the biopharmaceutical and auto sectors, which are expected to be hit by U.S. President Donald Trump's sweeping tariffs. The government will prepare new measures to support its biopharmaceutical companies, as soon as details of Trump's tariffs on the sector become available, it said in a statement. Earlier this month, Trump signed an executive order aimed at reducing the time it takes to approve pharmaceutical plants in the country.