Seoul: South Korea is planning to "constructively" boost its imports from the United States in an effort to mitigate potential protectionist trade policies by the incoming Donald Trump administration. This strategic move was outlined by Industry Minister Ahn Duk-geun during a recent interview. According to Yonhap News Agency, Minister Ahn highlighted the importance of balancing exports and imports in light of Trump's focus on trade balance. The minister's comments come amidst Trump's threats to impose significant tariffs on imported goods, raising concerns about possible similar actions against South Korea, which had a trade surplus of US$44.4 billion with the U.S. in 2023. Ahn emphasized that the expansion of imports aligns with ongoing initiatives to bolster bilateral ties in advanced sectors, which would naturally increase demand for parts and machinery. Additionally, the minister mentioned the potential for securing oil and gas at more competitive prices. He further elaborated on the diversification of South Korea's industrial supply chain with the U.S., suggesting that it could elevate the country's industrial policy. The government is closely monitoring U.S. policy changes, such as the Inflation Reduction Act, to provide necessary support to affected businesses. Minister Ahn also discussed South Korea's successful diversification of its trade portfolio, which could help in navigating uncertainties in 2025. The country is committed to enhancing its export capacity and economic security. In addressing the East Sea resource exploration project, Ahn expressed hopes for it to enhance South Korea's capabilities in similar ventures on the Korean Peninsula. The first drilling operation is set to commence this month, with potential findings of 3.5 to 14 billion barrels of gas and oil. Moreover, the minister addressed the ongoing conflict between Korea Hydro and Nuclear Power (KHNP) and U.S.-based Westinghouse over nuclear reactor technology. Ahn stressed the importance of resolving the intellectual property dis pute to enable broader cooperation in the nuclear energy sector. South Korea and the U.S. have signed a memorandum of understanding on nuclear exports, reinforcing their commitment to peaceful nuclear energy expansion.