|
Briefings South Korea probes reports that China warned firms over rare earth exports to USTrade ministry says it’s still verifying facts with Beijing and companies amid rising supply chain security concerns South Korea’s trade ministry (MOTIE) stated Wednesday it has found no evidence that Chinese authorities sent formal warning letters to Korean companies over the re-export of rare earth-containing products to the U.S. MOTIE’s statement was in response to domestic media reports that claimed China’s commerce ministry had sent notices to at least two South Korean transformer manufacturers, warning against selling equipment containing Chinese rare earths to U.S. military contractors. MOTIE said it was in contact with both Chinese authorities and affected Korean companies, but that as of April 23, there was “no confirmation” that such letters had been received. The © Korea Risk Group. All rights reserved. |





