[Infostock Daily= Reporter Lee Hyong-Jin]
The government will expand the number of items subject to material, parts and equipment supply chain management from 100 to more than 338 in order to preemptively respond to Japan's export regulations and the global supply chain restructuring of 'Post Corona'. In order to become a global material, parts and equipment powerhouse, it is going to invest more than 5 trillion won in technology development by 2022.
The government announced its 'Strategies for Materials, Parts, and Equipment 2.0' on the 9th. If 'the measures to strengthen the competitiveness of strategies for materials, parts, and equipment' announced in August last year were a defensive measure to cope with Japan's export regulations, the measures included a fundamental blueprint for preemptively responding to the reorganization of the global supply chain and leaping to become a materials, parts, and equipment powerhouse.
First of all, the number of items subject to supply chain management policy increased to more than 338 by adding 100 core items from Japan and key items related to the United States, Europe, China, India, Taiwan and ASEAN. In addition to the six major fields such as semiconductors, displays, automobiles, electricity and electronics, machinery and metals, basic chemicals and textiles, it also expanded to new industries such as bio, environment and energy and robots. The government plans to divide these items into advanced(158 in number) and general-purpose(180 in number) to secure technical independence and supply stability.
"The Republic of Korea will take a crisis as an opportunity to become a global high-tech material, parts and equipment powerhouse," President Moon Jae-in said in a visit to SK Hynix in Icheon, Gyeonggi Province, in the morning.
"Japan’s unfair export regulation has been taking place for a year. We will walk a 'different path' from Japan,” Moon said. The visit was designed to share the achievements of the year after the regulation of exports to Japan with the public and to pledge to become a material, parts and equipment industry powerhouse and a high-tech industrial world factory.
Lee Hyong-Jin magicbullet@infostock.co.kr
