South Korea's industry minister said on Monday that the country managed to avoid the worst-case scenario by clinching a U.S. tariff deal, but concerns remained over how the profitability of exporters would be affected by a 15% tariff rate.

South Korea's industry minister announced a deal with the U.S. to avoid heavy tariffs, but concerns persist about a 15% tariff affecting exporters' profitability. A $350 billion investment package focused on semiconductors and shipbuilding was also negotiated.

South Korea delayed a decision on Friday on a request from Google for permission to export map data, following U.S. pressure to address what Washington regards as a non-tariff barrier during recent trade talks,

The South Korean government on Friday delayed its decision on Google's request to export high-precision map data overseas, the transport ministry said, amid pressure from Washington to resolve the issue,