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South Korea looks to break China import dependence and establish ‘supply chain alliances’

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The world’s No 2 economy is by far South Korea’s largest trading partner, accounting for 25 per cent of total trade last year, followed by the United States’ share of 15 per cent.

But under Yoon’s new conservative administration – which is seen as more hawkish towards China – South Korea is looking to forge closer ties with a range of economies in the Indo-Pacific. “We need to diversify imports,” South Korean media cited a high-level presidential aide as saying during a briefing on Thursday. “We need supply chain alliances.

Sourceyahoo.com

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