[KOREAN ECONOMIC NEWS] Good morning, everyone. I’m Chi Yun In staff of Kamaindia Pvt. Ltd.
Here I have an important Korean economic news to share with you which is as undermentioned.
US restrictions on imports of South Korean steel, washing machines and solar cells are expected to cost Asia's fourth-largest economy more than $2.4 billion in lost exports over the coming years, a parliamentary report said Thursday.
The Donald Trump administration's import restrictions on the three products could make South Korea suffer an export loss of $2.47 billion over the next few years, according to the report by the National Assembly Budget Office.
The regulations are also feared to result in a potential loss of nearly 16,000 jobs in the three industrial sectors, it estimated.
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