Could there be something in this for RNU?
8 September 2023
“The Export-Import Bank of Korea (Korea Eximbank) announced on Sept. 7 that it has signed a memorandum of understanding (MOU) with Export Finance Australia (EFA) at its headquarters in Seoul to collaborate on stabilizing the core mineral supply chain.
As per the agreement, if Korean companies invest in Australian minerals … used in batteries, both Korea Eximbank and EFA have agreed to provide joint financial support.” (Business Korea)
12 December 2023
“The [South Korean] government said … it would establish a commission to coordinate and oversee the country’s policies on critical industrial supply chains by June [2024] next year.
Authorities will work to identify risks to supply chains that are highly dependent on specific countries. Each related ministry will operate a supply chain early warning system for materials essential to economic activities — such as urea and graphite — in order to cope with possible supply crunches.
Ministers agreed to form a fund via the state-run Export-Import Bank of Korea to secure stockpiles of critical supplies and support investment in relevant businesses and facilities. The size of the fund is expected to exceed 5 trillion won ($3.79 billion).
The Supply Chain Stabilization Act … will come into effect in June [2024].
As well as securing key supplies, the Eximbank supply chain stabilization fund will support loans, guarantees and investments by supply chain operators.
In the case of graphite, for which the Chinese government began controlling exports on Dec. 1, the country holds inventory sufficient for three to five months.” (Asia News)
26 February 2024
“The committee passed a state guarantee for Supply Chain Stabilization Fund Bonds, set to be issued by Korea Eximbank, with an issuance limit of $3.8 billion (5 trillion won).” (KOREA PRO)
25 March 2024
“The government will review plans to support the domestic production of urea by utilizing a five trillion won-fund that will be established this year to stabilize supply chains.
The plan was among projects discussed at a meeting … attended by … companies such as Lotte Fine Chemical, Posco Future M, EcoPro and Korea Zinc.
The meeting focused on establishing and diversifying supply chains of eight materials which South Korea is highly dependent on China.” (KBS)
“The eight are cathode materials, anode materials, semiconductor materials, rare gases, rare earth permanent magnets, urea, magnesium, and molybdenum.” (Business Korea)
https://www.businesskorea.co.kr/news/articleView.html?idxno=201303
https://asianews.network/south-korea-to-set-up-commission-to-combat-supply-chain-disruptions/
https://world.kbs.co.kr/service/news_view.htm?lang=e&Seq_Code=184450
https://www.businesskorea.co.kr/news/articleView.html?idxno=207805
https://koreapro.org/2024/02/south-korea-boosts-defense-exports-amid-escalating-global-tensions/
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