[KTV] U.S. Reciprocal Tariffs Increase Burden on SMEs ··· “Full Support Including Funding”

MO Ji-an, Anchor>

Despite the reduction in U.S. reciprocal tariffs, the export burden on SMEs remains heavy.

The government plans to minimize the damage to companies through full support measures, including funding and overseas market development.

Reporter Cho Tae-young has the story.

Reporter Cho Tae-young>

(Location: Opo CS Logistics Warehouse / 6th, Gwangju, Gyeonggi-do)

A busy logistics center, bustling with warehouse organization.

Boxes are continuously sorted with forklifts.

Beauty products bound for overseas shipment are stacked to the brim.

"Cosmetics are the No. 1 export item among small and medium-sized enterprises. However, the reciprocal tariffs imposed by the U.S. starting on the 7th have increased the burden on the industry."

Following the Korea-U.S. trade negotiations, the tariff rate was lowered to 15%, but even this is a significant burden for companies that had enjoyed duty-free benefits under the FTA.

Recording > Son In-ho / Vice President of Silicon2

“In the case of the U.S., it accounts for about 20% of our total sales. The U.S. tariff issue is also a very big concern for us. Ultimately, it’s important not to raise consumer prices, and we are giving this matter a great deal of thought.”

The government has stepped in with tailored support to minimize damage to small and medium-sized enterprises.

Minister Han Sung-sook of the Ministry of SMEs and Startups personally listened to the difficulties faced by companies and promised a swift response.

Recording > Han Sung-sook / Minister of SMEs and Startups

“We will spare no effort in providing full support—such as financing, overseas market expansion, and cooperation with global platforms—so that key export sectors pioneered by the private sector, including K-beauty and used cars, can maintain their position as the global No. 1.”

First, the Ministry of SMEs and Startups will diversify export items.

It will establish the “K-Export Strategy Item Support Plan” and identify promising products such as fashion and food.

Also pioneer new export markets by dispatching K-startup delegations.

For beginner exporters, it plans to strengthen the foundation for online sales.

In addition, it will promptly deliver tariff information through channels such as the Korea Federation of SMEs and joint briefings with related ministries.

Financial support will also continue.

Since April, the “Export Baro Program” has been in place, offering export vouchers that can be used for services such as consulting on tariff-related losses.

Additionally, Using the supplementary budget, we are providing Emergency Trade Risk Response Funds and Emergency Business Stabilization Funds via a fast track.

The government plans to expand export support to help small and medium-sized enterprises overcome the crisis.