In a press talk with the Korea Economic Daily on April 23, Moon said, "We should take the THAAD [Terminal High Altitude Area Defense] crisis as an opportunity to reduce our excessive reliance on China."
He added, "We will offer a discount of up to 30 percent to those that are willing to move their Chinese plants to other locations." He noted, "We will also cut trade insurance premiums for small- and medium-sized enterprises relying more than 50 percent of exports to China if they diversify their export outlets."
Moon stressed, "Since Korea's decision to deploy the THAAD system, the nation's export companies are having greater-than-expected difficulties in the Chinese market," adding, "Not only travel and retail companies but manufacturers like Hyundai Motor and Kia Motors are being hit hard."
He said, "If large companies experience difficulties there, it can be interpreted that SMEs are having greater pain as well."