South Korea has announced its participation in the U.S.-led Minerals Security Partnership (MSP) to cut its heavy reliance on Chinese mineral and raw materials imports.
The announcement of joining the MSP came shortly after South Korea’s decision in May to participate in the U.S.-led Indo-Pacific Economic Framework (IPEF).
IPEF outlines the United States’ key priorities to align with allies and partners to compete more effectively with communist China in the race to lead global technology development and norms.
Seoul’s foreign ministry said on June 15 that the country’s decision to join the MSP is a follow-up measure to the U.S.-South Korea summit in May and to “pave the way for supply chain diversification.”…