South Korea's Ministry of Finance announced a $250 billion support package for its exporters on January 20, citing concerns over potential tariffs from incoming US President Donald Trump. The move comes after the central bank slashed growth forecasts due to protracted political uncertainty following President Yoon Suk Yeol's declaration of martial law in December. The government plans to provide export financing on an unprecedented scale of $338.7 billion this year, with a focus on supporting major companies such as Samsung and SK hynix. This measure aims to mitigate the impact of foreign exchange rate volatility, which has seen the South Korean won fall to record lows against the dollar in recent weeks.
https://www.businesstimes.com.sg/international/south-korea-unveils-huge-export-finance-support-citing-trump-risksGerman MP Anton Hofreiter from the Greens/Alliance 90 party has accused Chancellor Olaf Scholz of blocking a proposed €3 billion military aid package for Ukraine, despite its ongoing conflict with Russia. According to Hofreiter, the proposal was not submitted to the Ministry of Finance and did not reach the budget committee, suggesting that it was blocked by Scholz's administration. This decision has been met with resistance from some ministers, including Foreign Minister Annalena Baerbock and Defense Minister Boris Pistorius, who had advocated for the aid package.
https://www.fakti.bg/en/world/941298-german-mp-accuses-scholz-of-blocking-military-aid-to-ukraine