Seoul: The government will create a 5 trillion-won ($3.59 billion) fund to extend low-interest rate loans for companies playing a major role in ensuring stable supply chains and will provide tax incentives for corporate development of key technologies, the finance ministry said here on Thursday. It is part of the government’s comprehensive plan meant to stabilise supply chains of major materials and enhance economic security amid intensifying global supply chain challenges, particularly as South Korea is heavily dependent on foreign countries for supplies of natural resources and some major materials. On Thursday, the basic law on supply chain stabilisation came into force, reports Yonhap n
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