The government will establish a "strategic export financing fund" to strengthen competitiveness in large-scale overseas orders. As global supply chain uncertainty grows, the government aims to reorganize the policy finance system to reinforce an export base centered on strategic industries.
The Ministry of Economy and Finance on the 11th presented the establishment of a strategic export financing fund as a key task of a new external economic strategy to respond to changes in the trade environment during a presidential policy briefing. The plan is to provide preemptive financial support needed in the process of winning large-scale projects and design it so that the benefits of orders can be shared across the industrial ecosystem.
The government will also accelerate institutional improvements to respond to economic security and supply chain risks. To bring together economic and security policies scattered across ministries, it will establish a "economic security review meeting" chaired by the president and build a response system that integrates existing policies.
Under the "framework act on supporting supply chain stabilization for economic security," the Supply Chain Stabilization Committee will take the lead in operating an early warning system (EWS) and pursuing expansion of domestic production, diversification of imports, and stronger stockpiling. More than 300 items with high supply chain risk will be set as priority management targets.
The government will also expand the operation of the supply chain stabilization fund. The fund, installed at the Export-Import Bank of Korea, will be formed at 10 trillion won next year, and a special investment limit (100 billion won) will be newly introduced to expand direct and indirect investment in strategic items such as critical minerals. It will also diversify support methods, including ultra-low-interest loans and allowing grants from financial institutions.