The government will establish the 'supply chain early warning system' computer network and will officially operate it starting next year. The plan is to integrate supply chain information scattered across different ministries and to enhance the system to manage information related to private corporations and overseas policy trends.
The Ministry of Economy and Finance held a meeting on the 'supply chain early warning system construction project' on the 21st at the Courtyard by Marriott in Sejong. Nineteen ministries, including the Korea Customs Service, Ministry of Trade, Industry and Energy, Ministry of Foreign Affairs, National Intelligence Service, and Ministry of Land, Infrastructure and Transport, attended the meeting.
The government has been operating the supply chain early warning system since November 2021, triggered by Japan's export restrictions, COVID-19, and the urea water crisis. However, the current system relies heavily on manual operations, making it vulnerable to information security issues and limiting real-time information sharing and analysis.
Accordingly, the government has initiated efforts to computerize the supply chain early warning system and enhance its functionalities. The newly established computer network will connect dispersed supply chain information across ministries and will be designed to integrate and manage information on private corporations and overseas policy trends.
Furthermore, once the computer network is established, the government plans to expand access so that not only government officials but also relevant agencies and major corporations can utilize the system. The government aims to form a public-private consultative body to complement the limitations of public-led monitoring.
If the system construction proceeds without any setbacks, it is expected that pilot operations will begin at the end of this year, followed by official operations starting early next year.
Lee Ju-seop, the head of the Economic Supply Chain Planning Office, noted, "Through the supply chain early warning system, we hope to not only issue simple alerts but also to identify crises early and support organic joint responses at the government-wide level."