Kim Myung-jin, chairman of the Korea Management Innovation Small and Medium Business Association, speaks at the 149th Good Morning CEO Learning Forum in Seoul on Wednesday. Photo by Asia Today
June 17 (Asia Today) -- South Korean companies must redesign their supply chain strategies around national and economic security rather than cost alone as the United States and China intensify their competition over critical minerals, an economist said Wednesday.
The Korea Management Innovation Small and Medium Business Association held its 149th Good Morning CEO Learning Forum at the Ambassador Seoul Pullman Hotel in central Seoul.
Kim Myung-jin, chairman of the association, said the organization had recently been selected to oversee a 17.1 billion won ($11.3 million) smart manufacturing support program for small manufacturers.
Kim said the association's overall budget had expanded to 55.2 billion won ($36.5 million), allowing it to strengthen growth programs, industry-academic cooperation and support for overseas expansion.
