South Korea said Thursday it will respond through formal consultations and public comments after the U.S. Trade Representative proposed tariffs of up to 12.5%on imports from economies deemed to have failed to adequately restrict imports of goods produced with forced labor. USTR’s findings place South Korea in a group of 46 economies, including Japan, Australia, Singapore, India and Vietnam, facing the higher proposed tariff rate. The Ministry of Trade, Industry and Resources (MOTIR) said it will argue that the measure is unnecessary given Seoul’s efforts to eradicate forced labor and will submit comments during the review process ahead of