S. Korea launches ‘early warning system’ on supply chains of 4,000 key industry items

s korea launches early warning system on supply chains of 4000 key industry items

Sumary of S. Korea launches ‘early warning system’ on supply chains of 4,000 key industry items:

  • 26 (Yonhap) — South Korea on Friday launched an early warning system to monitor some 4,000 key industry materials and items to prevent the recurrence of a crisis similar to the ongoing supply crunch of urea solution used to reduce emissions in diesel vehicles.
  • Items listed on the early warning system include magnesium, tungsten, neodymium and lithium hydroxide, according to the Ministry of Economy and Finance.
  • ” “The government will classify the 4,000 items in accordance with their potential impacts on the economy and other factors so as to manage the system more effectively,” it added.

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