New Delhi, May 28 -- The South Korean government plans to provide 250 billion won (USD 182.4 million) in low-interest loans to small and medium-sized auto-parts manufacturers of the state until the end of next year, to help withstand potential negative impacts from the high tariffs imposed by the United States reports Korea Herald.

The Ministry of Trade, Industry and Energy announced that auto-parts manufacturers who have exported environment-friendly vehicles since 2024 are eligible to apply for the loan program. Individual companies can receive a maximum of 500 million won in financial aid.

This initiative is part of a larger governmental effort to assist industries facing trade uncertainties due to the US Donald Trump administration'...