RNU must be a top priority here. Australia is a partner of both...

RNU must be a top priority here. Australia is a partner of both the IPEF and MSP.

“South Korea Ministry of Economy and Finance

The 1st Supply Chain Stabilization Committee meeting

The government has amended and introduced three supply chain-related laws to bolster economic security and supply chains in response to multiple global crisis and supply chain disruptions.

As for critical industrial items such as semiconductors and secondary batteries, measures for self-reliance and diversification will be devised, with the government’s support and strengthened monitoring concentrated on these areas. In addition, the government will first provide a 5 trillion won the Supply Chain Stabilization Fund this year to private companies (leading enterprises) that contribute to supply stability while expanding public stockpiling to gain the golden time in the event of crisis.

Concerted efforts will be made to actively promote international cooperation through agreements like the IPEF Supply Chain Agreement and Mineral Security Partnership (MSP), while exploring cooperation projects through the Supply Chain Stabilization Fund.”

https://english.moef.go.kr/pc/selectTbPressCenterDtl.do?boardCd=N0001&seq=5902