South Korea's opposition People Power Party announced it will boycott President Lee Jae-myung's National Inauguration Ceremony, criticizing it as a "self-coronation" amid mounting economic and security concerns, including a 15% auto tariff and corporate exodus.
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Song Eon-seok Says 'Lee Will Not Attend National Inauguration Ceremony—Calls It a Self-Coronation' - Yonhap Infomax
South Korea's opposition People Power Party announced it will boycott President Lee Jae-my
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Industry Minister Kim Jung-gwan Says '15% Auto Tariff Avoids Worst-Case Scenario, Hyundai Motor Chairman Chung Eui-sun Expresses Gratitude'
South Korea's Industry Minister Kim Jung-gwan highlights that the 15% auto tariff averted the worst-case scenario, with Hyundai Motor Chairman Chung Eui-sun expressing appreciation.
Yonhap InfomaxSouth Korea's Deputy Prime Minister Gu Yoon-chul expressed regret over failing to secure a 12.5% auto tariff in US trade talks, while pledging strong defense of rice and beef markets and highlighting new opportunities in shipbuilding and investment cooperation.
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Presidential Office Says 'South Korea Proposed 12.5% Auto Tariff, but Trump Set It at 15%'
South Korea's presidential office revealed it advocated for a 12.5% auto tariff, but former President Trump decided on a 15% rate, signaling potential trade tensions.
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Why experts think Trump’s new auto tariff plan 'defies logic' | About That
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Barclays - 'USD-KRW Exchange Rate to Exceed 1,500 Won if 30% Auto Tariff Imposed'
Barclays analysis predicts USD-KRW exchange rate could exceed 1,500 won if U.S. imposes 30% auto tariff, potentially causing 10.8% currency shift
Yonhap Infomax