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Korea’s Strategy for Critical Minerals: Navigating New Trade Rules and Global Challenges

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  • LEE, Cheon-Kee

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

Abstract

Since the establishment of the GATT in 1947 and the WTO multilateral trading system in 1995, trade liberalization has led to an increase in global trade and the internationalization of production through global supply chains. In recent years, however, as non-trade values including national security, labor rights, and environmental protection have become important considerations, supply chains have become an end in themselves rather than a means of pursuing efficiency. Additionally, major trading partners such as the U.S, the EU, and China have sought to regulate global supply chain by leveraging market access to their domestic markets or critical minerals. (the rest omitted)

Suggested Citation

  • LEE, Cheon-Kee, 2025. "Korea’s Strategy for Critical Minerals: Navigating New Trade Rules and Global Challenges," World Economy Brief 25-11, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kiepwe:2025_011
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