South Korea will thoroughly review non-tariff barriers and other vulnerabilities to respond to a U.S. plan to introduce reciprocal tariffs, the country's acting president said on Friday.

South Korea's free trade agreement with the United States could help mitigate its exposure to reciprocal tariffs threatened by U.S. President Donald Trump, economists at two major investment banks have said.

Automakers such as General Motors and South Korea-based Hyundai Motor export vehicles tariff-free from South Korea.

South Korea's acting President Choi Sang-mok on Tuesday said the government would seek talks with the U.S. administration on the tariffs Washington is imposing to reflect the interests of domestic companies.