South Korea\'s Ministry of Trade, Industry and Energy activated an emergency cooperation channel with major business groups to respond to supply chain risks linked to the war in the Middle East. Minister Kim Jung-kwan met leaders from six economic organisations on March 27 after a presidential emergency economy meeting. The government asked for efforts to secure alternative suppliers, check inventories and prevent collusion and hoarding. It also urged energy-saving measures and pledged strict action against disruptions.

South Korea’s Ministry of Trade, Industry and Energy held an emergency public-private meeting on Feb. 23 to discuss responses to changes in U.S. tariff policy. The meeting reviewed the impact on industries and exports after a U.S. federal Supreme Court ruling invalidating the International Emergency Economic Powers Act and the U.S. administration’s announcement of additional tariff measures. Participants agreed to coordinate closely as further U.S. steps could have complex effects.