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South Korea’s supply chain reliance on China leaves it more exposed than the US, Japan: report

Summary:
[unable to retrieve full-text content]South Korea has a higher dependency on China for semi-finished goods and material parts than Japan and the United States, and Seoul must take action to mitigate associated risks, a new report said on Wednesday.Some 29.3 per cent of South Korea’s material parts imports came from China in 2020, whereas the rate for Japan and the US was 28.9 per cent and 12.9 per cent respectively, said the Federation of Korean Industries (FKI), which represents South Korea’s major conglomerates and associated…

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[unable to retrieve full-text content]
South Korea has a higher dependency on China for semi-finished goods and material parts than Japan and the United States, and Seoul must take action to mitigate associated risks, a new report said on Wednesday.Some 29.3 per cent of South Korea’s material parts imports came from China in 2020, whereas the rate for Japan and the US was 28.9 per cent and 12.9 per cent respectively, said the Federation of Korean Industries (FKI), which represents South Korea’s major conglomerates and associated…
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