Supply Chain Fund Launched... Choi Sang-mok "Proactively Responding to Supply Chain Issues"

Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok stated on the 5th, "We will proactively respond to individual supply chain issues centered on the Supply Chain Stabilization Committee and actively engage in inter-country alliances based on supply chains."

Choi Sang-mok, Deputy Prime Minister for Economic Affairs and Minister of Economy and Finance, is delivering a congratulatory speech at the "Supply Chain Stabilization Fund Launch Ceremony" held on the 5th at the Export-Import Bank in Yeouido, Seoul. Photo by Kang Jin-hyung aymsdream@

Deputy Prime Minister Choi made these remarks during a congratulatory speech at the 'Supply Chain Stabilization Fund Launch Ceremony' held at the headquarters of the Export-Import Bank of Korea (Korea Eximbank) in Yeouido, Seoul, that morning. The Supply Chain Stabilization Fund was established within Korea Eximbank to support key projects related to supply chain stabilization and is expected to expand up to 10 trillion won by next year.

Deputy Prime Minister Choi said, "The Supply Chain Stabilization Fund launching today is essential but will be invested in areas that companies find difficult to handle alone," adding, "It will be used for domestic production of economic security items, diversification of imports, and technological self-reliance." He also emphasized, "Supply chain stability is directly linked to the survival of companies," and stated, "The government must provide customized support to companies and establish a strategic cooperation model by creating a national-level supply chain ecosystem."