Seoul to spend 5 tln won for parts, materials industries amid trade row with Japan
Aug 28, 2019
South Korea plans to inject more than 5 trillion won (US$4.1 billion) into its support of the local parts and material industries by 2022 in a bid to tackle Japan's export curbs against the South, cut dependence on Japanese imports and boost localization, the industry ministry said Wednesday.The move is aimed at stabilizing supplies of parts, materials and equipment, and spurring their localization, as South Korea seeks to reduce heavy reliance on imports of Japanese materials.Under the scheme t