Supply Chain Risk Management... Launch of the 'Industrial Security Policy Advisory Group'

Ministry of Industry Holds the 15th Industrial Security Task Force (TF) Meeting

[Sejong=Asia Economy Reporter Kwon Haeyoung] A public-private joint 'Industrial Security Policy Advisory Group' will be launched to effectively inspect and manage industrial security issues such as supply chains.

The Ministry of Trade, Industry and Energy held the '15th Industrial Security Task Force (TF) Meeting' on the 28th at the Korea Trade Insurance Corporation in Jongno-gu, Seoul, chaired by First Vice Minister Park Jin-gyu, to discuss this matter.

The Industrial Security Policy Advisory Group is an organization aimed at activating policy suggestions from experts in various fields on industrial security policy tasks such as supply chain reinforcement, export control, foreign investment review, and technology protection. It is composed of five teams: supply chain, export control, foreign investment review, technology protection, and operational system, with a total of 17 experts participating.

Additionally, the Industrial Security TF will be expanded and reorganized from a policy-centered body to a field-centered meeting body with broad participation from related industries, associations, and public institutions. Through this, it plans to elevate its status as the frontline policy platform in the industrial security sector and promote more effective strategies.

At the meeting, the TF discussed supply chain risk management measures for essential items among the 200 core economic security items across ministries that are critical for manufacturing and key industry production. They also consulted on legal and institutional improvement plans to establish an efficient supply chain management system.

Furthermore, plans were made to establish an all-out response system with overseas commercial attach?s, KOTRA, and others to strengthen technological and supply chain trade cooperation with major countries.

Vice Minister Park said, "To strengthen supply chains, foster technology, protect technology, and enhance energy and resource security, we will establish an all-out response system across industry, energy, trade investment, and commerce sectors and strengthen collaboration with related ministries."

This content was produced with the assistance of AI translation services.