If anyone’s interested this is how it translates on Safari:
< The 1st Supply Chain Stability Committee >Deputy Prime Minister Choi Sang-mok and Minister of Strategy and Finance held the 1st Supply Chain Stability Committee at the Seoul Government Complex on Thursday, June 27 at 10:00.* Deputy Prime Minister (pressence), diplomacy, Defence, industry, industry, land, environment, sea, water, plan, agriculture, forestry, welfare, medium-term, financial committee, national affairs office, customs, procurement, and radmissions agency, Ministry of Food and Drug Safety, National Information Service, national security office, private committee members attendedThe Supply Chain Stabilisation Committee was held for the first time today (6.27) in accordance with the implementation of the Supply Chain Stabilisation Act as a pan-government command tower (control tower) on the government supply chain stabilisation policy established under the Supply Chain Stabilisation Act.At today's 1st meeting, we discussed the ➊ supply chain stabilisation promotion strategy, ➋ economic security items and service designation (proposed), ➌ the formation and operation direction of the supply network stabilisation committee.Deputy Prime Minister Choi said that the "3 Supply Chain Act" was introduced to respond to the international (global) complex crisis and supply chain division, and to strengthen economic security and supply chain. Today, for the first time, he held a supply chain committee to vote on a strategy to promote supply chain stabilisation with four policy directions. He also said that he expects the supply chain committee to play the same role as the carrier's driver who is going through the international (global) supply chain crisis (risk).Deputy Prime Minister Choi mentioned the main contents of the strategy to promote supply chain stabilisation. First, to stabilise the supply and demand of core items and services, the number of economic security items that are highly dependent on specific countries and difficult to produce domestically has been expanded from 200 to 300, among which semiconductors. For core industry-related items such as secondary battery, it is a plan to establish self-reliance and diversification, and to focus government support and inspection (monitoring). In addition, for leading operators who contribute to their supply and demand stability, they will preferentially support the supply chain fund worth 5 trillion won this year, and in addition, they will expand the public stockpile to secure a golden time in the event of a crisis.Next, they said they would strengthen the supply chain ecosystem by expanding domestic manufacturing capabilities. For companies producing economic security items, he mentioned that it will support companies' mineral resources by exempting the obligation to reduce overseas business sites, promoting domestic U-turns and easing investment tax credit requirements for overseas resource acquisition. Also . Raw materials of core items. Reinforcing supply chain links such as securing intermediate goods, R&D (R&D), and transportation, and preparing customised support plans for small and medium-sized enterprises (SMEs) that are vulnerable to supply chain disruption. For items with insecurity in supply such as graphite, it will be reviewed to support domestic production.Third, they said they would localise the core technology of the supply chain and strengthen technology protection.For advanced strategic industries and core product technologies, the government's R&D financial support is continuously expanded, and the new growth that is currently benefitting from tax. Original technology He said that he would review adding core technology of the supply chain to national strategic technology, and would supplement the system such as strengthening penalties to block the technology and patent leach of the Defence industry and key industries.Lastly, it will actively promote international cooperation such as the Indo-Pacific Economic Framework (IPEF) supply chain agreement and core mineral security partnership (MSP), and discover cooperation projects through supply chain funds and public development assistance (EDCF, etc.).In his concluding remarks, Deputy Prime Minister Choi revealed that the government plans to establish a "Supply Network Stability Basic Plan" in the second half of the year, which contains an action plan for the next three years based on this strategy, and emphasised that it will contain effective measures in each field such as key items, high-tech industries, food, and logistics.< Company on-site visit and meeting >Apart from the supply chain committee event, Deputy Prime Minister Choi visited the Sejong City factory of POSCO Future M* Co., Ltd., which produces cathode materials, the core material of secondary battery, on June 24, and held a meeting with industry officials.* We are promoting import line diversification and domestic alternative production of natural graphite and artificial graphite, which are raw materials of cathode materials.Deputy Prime Minister Choi said, "The secondary battery industry is a core future industry of our economy or a field with high external dependence on raw materials. The government will actively support our company's overseas mineral resources and domestic alternative production while communicating closely with the industry in the future."
Expand