- Korea and US to launch the Supply Chain and Commercial Dialogue
Korea and the US held ministerial talks on the sidelines of the US president’s visit to Korea from May 20 to 22, where the two countries discussed ways to strengthen collaboration on supply chain and high technology, and agreed to continue to discuss the Indo-Pacific Economic Framework (IPEF), exports control and investment cooperation.
To deepen bilateral ties, the two governments signed a memorandum of understanding (MOU) to launch the Supply Chain and Commercial Dialogue, which is a ministerial-level dialogue. Under the agreement, the two governments plan to hold the dialogue once a year and discuss issues on industrial cooperation and economic security, such as digital economy, supply chain resilience, healthcare technology and exports control.
In addition, the two countries hosted a business roundtable meeting where Korean and US executives discussed measures to boost economic cooperation in terms of expanding trade and investment.