Seoul: South Korea's industry ministry held a virtual meeting with commercial attaches from nine major economies on Wednesday as the government prepares for anticipated changes in U.S. trade policies under the incoming Donald Trump administration. Deputy Minister for Trade Park Jong-won led the meeting, which included representatives from countries such as the United States, Japan, China, and Switzerland, as part of efforts to address potential impacts on South Korea's industrial and trade environment. According to Yonhap News Agency, the Ministry of Trade, Industry and Energy emphasized that the new U.S. administration's trade and industry policies are expected to bring significant changes to global economic and security dynamics. These changes could directly and indirectly impact South Korea, necessitating comprehensive monitoring and preparation of countermeasures. The ministry highlighted the importance of staying informed and strategically planning for potential shifts. During the meeting, commercial a ttaches expressed their commitment to closely monitoring developments in their respective host countries. They aim to identify new opportunities amid the uncertainties brought about by the anticipated policy changes. The business community has been particularly attentive to possible adjustments in U.S. trade policies, such as the reduction or elimination of the CHIPS and Science Act and the Inflation Reduction Act. Additionally, the proposed sweeping tariffs of a minimum 10 percent on all imported goods, as suggested by Trump, are also areas of concern that require vigilant observation and strategic planning.