Government to Establish 'Trade and Technology Security Strategy' by March Next Year

The government has decided to establish a strategy by March next year that includes systematic management measures for risk factors related to domestic and international trade issues.

On the 31st, the Ministry of Trade, Industry and Energy launched the 'Trade and Technology Security Forum' at the Western Chosun Seoul Hotel, chaired by Ahn Deok-geun, Head of the Trade Negotiations Headquarters, with top experts from academia and industry in the fields of trade and technology security participating. The forum discussed such measures at its first meeting.

This move comes amid a surge and normalization of economic security issues such as increased geopolitical risks and growing supply chain uncertainties, highlighting the need to assess domestic and international situations and seek strategies to minimize trade and technology security risks.

The Ministry of Trade, Industry and Energy plans to form and launch the forum as a public-private network, identify trade and technology security issues at home and abroad, diagnose crisis factors, and establish a 'Trade and Technology Security Strategy' including policy directions for systematic management of risk factors by March next year. Additionally, three detailed subcommittees?▲General Strategy ▲Trade Security ▲Technology Security?will conduct in-depth analyses by sector, and the full forum meetings will discuss policy implications.

Ahn Deok-geun, Head of the Trade Negotiations Headquarters at the Ministry of Trade, Industry and Energy, said at the meeting, "To effectively respond to changes in the global trade and industrial environment paradigm, it is important to share and spread awareness of problem recognition and response directions." He added, "For this, I ask the forum members to actively engage in external activities."

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