Opening of the 'Supply Chain Center,' the Frontline Base for SoBuJang Supply Chain Response

The 'Materials, Parts, and Equipment Industry Supply Chain Center' (hereinafter referred to as the Supply Chain Center), which comprehensively supports the stabilization of our company's supply chain, officially opened with a plaque ceremony held at KOTRA on the 19th. The Supply Chain Center became a statutory institution following the expansion and revision of the Special Act on Materials, Parts, and Equipment to the Special Act on Materials, Parts, Equipment, and Supply Chains last May.

At the plaque ceremony, Jang Young-jin, Vice Minister of the Ministry of Trade, Industry and Energy, stated, "Supply chain management is essential given the high external dependency of our economy," and added, "The Ministry of Trade, Industry and Energy will actively support the self-reliance and diversification of supply chain stabilization items related to materials, parts, and equipment." He especially emphasized, "By integrating artificial intelligence (AI) and big data to advance the Early Warning System (EWS) that detects global supply chain risks in advance and enables proactive responses, we will monitor supply chain anomalies in real time," and added, "We will block supply chain shocks early through contingency plans."

Following the plaque ceremony, an Industrial Supply Chain Council was held, hosted by the Supply Chain Center, with representatives from industry-specific associations and organizations attending. They discussed the impact of recent global supply chain issues, such as international cooperation trends after the G7 summit and legislative trends of the European Union (EU) Battery Act, on our industry and possible response measures.

The Supply Chain Center is headquartered at KOTRA, which operates overseas trade offices. It performs tasks including ▲collecting, analyzing, and disseminating supply chain information ▲building and operating the supply chain information system (Early Warning System) ▲supporting supply chain stabilization projects. Additionally, together with the Ministry of Trade, Industry and Energy, it plans to regularly hold the Industrial Supply Chain Council to actively support our companies' supply chain management in areas such as diversifying import sources, establishing production facilities, and financial and tax support.

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