U.S. President Donald Trump is set to announce "reciprocal" tariffs this week to match what other countries levy on American exports, as Korea and other U.S. trading partners are striving to minimize the potential repercussions of the new duties.

Seoul shares closed lower on Thursday, but pared some earlier losses in the afternoon after opening sharply lower in the wake of U.S. President Donald Trump’s aggressive “reciprocal” tariffs announcement overnight.

South Korean steelmakers are bracing for U.S. President Donald Trump's sweeping tariffs with possible plans to build production facilities in the United States, industry officials and market observers said Wednesday.

The risk of Trump’s approach lies in the potential for hasty compromise rather than lasting solutions. Misusing economic leverage could merely paper over deeper geopolitical and security issues.

The Korea Customs Serviec said it will scrutinize U.S-bound products for violations with country-of-origin markings.

Having awoken Thursday to news of a long-awaited and long-feared new U.S. tariff regime, key American allies in East Asia were stunned.

SEOUL, April 4 (Yonhap) -- South Korean stocks started sharply lower Friday in line with steep overnight Wall Street losses triggered by U.S. President Donald Trump's tariff measure. The benchmark Korea Composite Stock Price Index (KOSPI) lost 30.06 points, or 1.21 percent, to 2,456.64 in the first 15 minutes of trading.

WASHINGTON/SEOUL (Reuters) - South Korea's Hyundai Motor Group announced a $21 billion investment in the United States with President Donald Trump at the White House on Monday. The investment includes a new $5.8 billion Hyundai Steel plant in Louisiana ...