German ambassador advocates 'de-risking' at Global Biz Forum
Foreign affairsNov 23, 2023
The German ambassador to Korea, Georg Schmidt, addressed the need to pursue a "de-risking" strategy to protect the economy in the face of global uncertainties, at the Global Biz Forum in Seoul on Wednesday. In his remarks, Schmidt recalled the perils of relying heavily on a single source, citing Germany's vulnerability caused by the Russia-Ukraine war, when gas supplies from Russia were disrupted. Germany swiftly adapted by diversifying its sources, constructing LNG terminals and