Ministry of Industry, Trade Law Caravan... Exploring Responses to Export Controls

[Financial News] The Ministry of Trade, Industry and Energy recently held a meeting to understand the technology protection policies of major countries in response to the increasing global trade risks and supply chain uncertainties.
The Ministry of Industry held the Trade Law Caravan Global Forum on the theme of 'Changes in the Global Trade Environment and Export Controls, Economic Sanctions, and Technology Protection Policy Trends' at the Lawyers' Hall in Gwanghwamun, Seoul on the 29th.
This forum, jointly hosted by the Ministry of Industry, the Trade Security Management Institute, and the Korean Society of International Economic Law, was attended by experts related to international trade, environment, information technology (IT), trade remedy law, law firms, academia, and industry representatives.
They shared in detail the export controls, economic sanctions, and technology protection policies of major advanced countries and explored strategies and solutions to respond to trade regulations.
Specifically, they examined the diversification of economic sanctions and China's economic coercion response, the extraterritorial application of the U.S. secondary boycott and export controls, and the technology protection policies of advanced countries such as the United States, European Union (EU), and Japan, diagnosing the current global trade environment and conducting discussions in each session.
Roh Geon-gi, Director of Trade Negotiations at the Ministry of Industry, said, "Protecting economic security in the rapidly changing global trade environment is not an easy task," adding, "The government will make multifaceted efforts to alleviate the difficulties faced by the industry due to global trade regulations."
leeyb@fnnews.com Lee Yu-beom Reporter