Choi Sang-mok said, "About 40 days are left before the launch of the new U.S. government...All policy tools"

Deputy Prime Minister for Economic Affairs Choi Sang-mok said the launch of the new U.S. government is about 40 days away and that the government will use all available policy tools to protect our businesses and national interests.

Deputy Prime Minister Choi made the remarks today at a meeting of ministers related to strengthening industrial competitiveness at the Hanwha Ocean R&D Center in Siheung, Gyeonggi-do.

Deputy Prime Minister Choi stressed that he will actively utilize the Supply Chain Stabilization Fund, the Corporate Vitality Act and the Customs Policy "Three Sets" as it is an extraordinary time.

The government will announce its first basic plan next week to enhance supply chain stability in key strategic industries such as semiconductors and batteries.

It is a three-year plan that includes upgrading public reserves, expanding domestic production bases, and diversifying import lines.

Deputy Prime Minister Choi stressed that for industries that are difficult due to global oversupply, such as petrochemicals, the government will apply relaxed corporate vitality law standards to induce preemptive business restructuring.

He also said he would impose anti-dumping tariffs if necessary after a quick investigation into the steel industry, which is suffering from low-cost attacks.

Choi said strengthening industrial competitiveness, which will determine the country's future despite the domestic political situation, is a necessary task that cannot be stopped under any circumstances, adding that any hesitation could immediately lead to a fall out of global competition.