SEOUL, Aug. 20 (Korea Bizwire) — The government on Wednesday announced a set of measures aimed at stabilizing supply chains in the nation’s strategic industries, with support extending to “every stage” of the industrial process, the finance ministry said. The Ministry of Economy and Finance said the measures will focus on sectors particularly vulnerable to [...]
SEOUL, Apr. 12 (Korea Bizwire) — The United States-led Indo-Pacific Economic Framework relating to supply chain resilience will enter into force in South Korea next week, Seoul’s industry ministry said Friday. The initiative will enter into force Wednesday, 30 days after the country’s deposition of its instrument of ratification for the initiative, in accordance with [...]
SEOUL, Jan. 30 (Korea Bizwire) — South Korea’s foreign ministry will open an economic security center in March to help ensure stable supply chains of strategically vital goods and draft diplomatic strategies for emerging trade issues, according to Seoul officials Sunday. The in-house body is part of the government’s broader efforts to address concerns over [...]
HONG KONG, CHINA, Oct. 29 (Korea Bizwire) - The unprecedented COVID-19 pandemic has posed severe challenges for the global economy and supply chains have been in the eye of the storm. Amid heightened geopolitical tensions, some countries are considering moving supply chains out of China. However, as a recent research study by The Chinese University of Hong [...]