South Korean president Yoon Suk-yeol hosted a trade strategy meeting this week to help untangle supply chains from China. Photo: DPA
South Korean president Yoon Suk-yeol hosted a trade strategy meeting this week to help untangle supply chains from China. Photo: DPA
China trade

South Korea looks to tap Asean supply chains as trade deficit with China adds to worries of overreliance

  • South Korean President Yoon Suk-yeol held a trade strategy meeting this week in which easing private firms’ reliance on China was top of the agenda
  • Seoul has pledged to stabilise domestic supply chains, allocate more money for R&D and strengthen supply chain ties with Southeast Asian nations

South Korean president Yoon Suk-yeol hosted a trade strategy meeting this week to help untangle supply chains from China. Photo: DPA
South Korean president Yoon Suk-yeol hosted a trade strategy meeting this week to help untangle supply chains from China. Photo: DPA
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