12/11/2023, 2:00 AM (Source: TeleTrader)
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Seoul to form commission to improve supply chain management

The South Korean Ministry of Economy and Finance announced on Monday their decision to create a commission dedicated to discussing and adjusting supply chain management measures for basic industrial goods.

According to the statement, in order to reduce dependence on China and other countries and prepare for supply chain crises, the country will also set up a fund to secure critical goods and support investment in related facilities.

The commission is expected to be established around June 2024, which is when key plans to strengthen stable supply chains will be finalized.

Baha Breaking News (BBN) / DD