South Korea pledged on Monday a record amount of financing support for exporters to mitigate any negative impact from changes in U.S. trade policies as Donald Trump was poised to be sworn in for his second presidency.

Korea is providing a record 360 trillion won ($248 billion) in financing for exporters in an effort to stabilize the global trade environment.

South Korea announced a record 360 trillion won ($247.74 billion) in policy financing for exporters to counter potential challenges posed by new U.S. trade policies under President Donald Trumps second term.