It is part of the government's broader plan aimed at stabilizing supply chains of key materials and enhancing economic security amid global supply chain challenges, especially as South Korea relies heavily on foreign countries for natural resources and supplies of some key materials. Is.
The Basic Law on Supply Chain Stabilization came into force on Thursday, Yonhap news agency reported.
Under the scheme, the government will designate key businesses that are looking to diversify their import channels of key industry goods or develop substitute technologies to reduce foreign dependence and provide them cheap loans for three to five years. We do.
It will activate a supply chain stabilization fund of up to 5 trillion won starting in the second half of this year.
The government also decided to add 100 more items to its "Economic Security Items List", taking it to a total of 300 items related to manufacturing, defence, logistics, cyber security and other sectors related to people's everyday lives.
The ministry declined to make public details of the items, citing security matters, although experts said urea, lithium, graphite and other materials were estimated to be on the list.
The commodities will be divided into three categories according to their importance and the government will prepare a detailed plan to ensure their stable supply.
According to the ministry, the government will review the list once a year.
The Basic Law on Supply Chain Stabilization came into force on Thursday, Yonhap news agency reported.
Under the scheme, the government will designate key businesses that are looking to diversify their import channels of key industry goods or develop substitute technologies to reduce foreign dependence and provide them cheap loans for three to five years. We do.
It will activate a supply chain stabilization fund of up to 5 trillion won starting in the second half of this year.
The government also decided to add 100 more items to its "Economic Security Items List", taking it to a total of 300 items related to manufacturing, defence, logistics, cyber security and other sectors related to people's everyday lives.
The ministry declined to make public details of the items, citing security matters, although experts said urea, lithium, graphite and other materials were estimated to be on the list.
The commodities will be divided into three categories according to their importance and the government will prepare a detailed plan to ensure their stable supply.
According to the ministry, the government will review the list once a year.
