POSCO chief calls for stronger Australia-Korea resource supply chain
POSCO Group Chairman Chang In-hwa has called for stronger cooperation between Korea and Australia in securing critical minerals and building resilient resource supply chains. He has particularly underscored the need for Australia’s abundant natural resources to be combined with Korea’s advanced processing technologies. Chang made the proposal Wednesday at the 47th Korea-Australia Economic…
POSCO Group Chairman Chang In-hwa has advocated for enhanced cooperation between Korea and Australia to secure vital minerals and create a robust resource supply chain. He emphasized the necessity of merging Australia's abundant natural resources with Korea's sophisticated processing technologies. Chang delivered this proposal during the 47th Korea-Australia Economic Cooperation Committee meeting in Adelaide, where he represented Korea as the committee's chairman.
Over 200 officials and business executives from both nations participated in the event, including Australian Foreign Minister Penny Wong and Trade and Tourism Minister Don Farrell.
Chang suggested that critical minerals could serve as a new engine for economic growth between the two nations. He also called for deeper and broader bilateral partnerships in various sectors such as energy, defense, space, and research and development. Chang highlighted the potential of critical minerals to become a new growth pillar for industrial collaboration between Korea and Australia in his opening remarks.
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- POSCO chief calls for stronger Australia-Korea resource supply chain koreatimes.co.kr
