Issue Linking industrial policy with overseas investment and trade to rebuild secure supply chains

Summary

The report proposes rebuilding supply chains that safeguard economic security by linking domestic industrial policy with overseas investment and trade. Industry and trade strategies toward major and emerging economies would be designed with economic security and domestic industrial conditions in mind. The aim is supply chains based on strategic interests, together with better risk management. Strategic entry into the United States tied to the 350 billion dollar investment would build a strategic industrial value chain between the two countries. Trade structure innovation and tailored cooperation agendas, drawn up with each partner's industrial structure and gaps in mind, would secure strategic interests in Korea's industrial supply chains.