Gijinhoe Strengthens Early Warning System to Prepare for Global Supply Chain Risks

Signed a Business Agreement with Moody's Analytics

The Korea Machinery Industry Promotion Association (KMIPA) announced on the 22nd that it has signed a business agreement with Moody's Analytics to "enhance global supply chain risk prediction and early warning capabilities."

Through this agreement, both parties plan to ▲share methodologies of the Expected Default Frequency (EDF) model ▲exchange information and networks related to the global supply chain ▲pursue strategic collaboration to explore new business opportunities.

From the left, Lee Yang-su, Head of the Supply Chain Center at the Korea Association of Machinery Industry Promotion, and Lee Se-hwan, Korea Branch Manager of Moody's Analytics, are posing for a commemorative photo.

KMIPA was designated as the Materials, Parts, and Equipment Industry Supply Chain Center in June last year and is building and operating a supply chain information system to stabilize South Korea's supply chain. Moody's Analytics, a subsidiary of the global credit rating firm Moody's, provides risk management specialized analytical solutions to over 15,000 global clients, supporting rapid decision-making.

Lee Yang-su, Center Director of the Korea Machinery Industry Promotion Association, stated, “By utilizing the Expected Default Frequency model in the early warning system to strengthen early warning capabilities, we expect to identify supply chain risk items early, proactively respond to supply and demand crises, and contribute to stabilizing South Korea’s supply chain and enhancing national competitiveness.”

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