Protectionist measures mostly led to poorly made appliances, expensive imports and industrial stagnation, but in South Korea they helped to raise an economic tiger.

SEOUL: South Korea's industrial output rebounded in February due to production recovery in the manufacturing, the construction and the service industries, statistical office data showed Monday (March 31).

Stock markets across Asia-Pacific and Europe fell Thursday and US markets were also set to open lower after US President Donald Trump imposed tariffs on trading partners around the world, with many Asian countries taking the biggest hits.

South Korea and India held a joint forum on growth strategy Friday and discussed measures to expand bilateral cooperation in trade, Seoul's industry ministry said. In the Seoul forum, the two sides discussed advancing collaboration in trade and investment,

China, Japan and South Korea agreed to jointly respond to U.S. tariffs, a social media account affiliated with Chinese state media said on Monday, an assertion Seoul called "somewhat exaggerated", while Tokyo said there was no such discussion.