Four Subcommittees on Overall Policy, Licensing, Technology Control, and Law Enforcement
"Expected to Serve as an Industrial Breakwater for Advanced Technology Protection and Supply Chain Stability"
The government is building a public-private network to enable preemptive responses to trade security issues and to provide policy advice. With competition over advanced technology protection and resource acquisition intensifying among major countries, the government plans to strengthen its response system, viewing industrial security as a core task for national competitiveness.
The Ministry of Trade, Industry and Energy announced that on the 26th it will hold an inauguration ceremony for the "Industrial Trade Security Forum" at the Bankers Club in the Bank Hall in Seoul, presided over by Yang Kiuk, Director General for Industrial Resources and Security.
Recently, as major countries such as the United States and the European Union (EU) have begun in earnest to tighten export controls on advanced technologies and compete to secure key resources, the importance of industrial security, which protects industries and technologies, has become more prominent. In response, the ministry established the Industrial Resources and Security Office in December last year to build an all-out response system for industrial security, and now plans to expand the basis for public-private cooperation through the launch of this forum.
About 40 experts from academia, research institutes, industry, and the legal community will participate in the Industrial Trade Security Forum. The forum will consist of four subcommittees: overall policy, licensing system, technology control, and law enforcement. It will discuss current issues such as establishing a Korea-style trade security strategy and improving the export licensing system. In particular, it will focus on devising institutional improvement measures that can ease the burden on companies while preventing technology leaks.
Policy recommendations produced by the forum will be reviewed and reflected in the formulation of trade security strategies and in amendments to relevant laws and regulations. The government plans to operate the forum on a regular basis to expand exchanges among experts and to use it as a standing policy advisory body.
Director General Yang said, "Trade security responses are more important than ever to strengthen the competitiveness of our industries and supply chains," adding, "I expect the Industrial Trade Security Forum to serve as a breakwater for industry through in-depth discussions based on the basic principles of securing stable supply chains, promoting international cooperation, protecting advanced technologies, and easing the burden on companies."
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