Finance minister calls for diversification of trade network amid uncertainties

Finance Minister Lee Hyoung-il emphasized the importance of diversifying Korea's trade network to tackle uncertainties such as economic fragmentation and rising protectionism. During a gathering with pertinent ministers to discuss international economic matters, Lee highlighted the country's robust exports despite adverse external circumstances. He outlined that the government would remain vigilant on trade matters with key nations to mitigate risks and strengthen diplomatic efforts to ensure stability.

Lee underscored the government's goal of broadening the Korean economy by diversifying trade routes, striving to assist businesses in penetrating global markets. To counter extended tensions in the Middle East and supply chain interruptions due to the U.S.-China standoff, Lee affirmed that the administration would persist in boosting domestic production, stockpiling resources, and establishing overseas production facilities.

Through high-level diplomatic talks, the government aims to establish a solid foundation for economic and supply chain collaboration with major countries, with the aim of achieving concrete outcomes.