South Korea's Ministry of Industry, Trade and Resources said on Monday that against the backdrop of major changes in the global landscape, South Korea's new chief trade negotiator promised to make every effort to manage all kinds of risks in the trade relationship between South Korea and the US. According to the Ministry of Industry, Trade and Resources, Minister of Trade Park Jung-sung said in his inaugural address that tariffs, subsidies, industrial policies, supply chain alliances, and export controls are gradually becoming the core means of shaping the global trade order. As he takes up his new job, South Korea and the US are currently discussing the first investment project within the framework of South Korea's $350 billion investment commitment to the US last year. This investment is part of the trade agreement between South Korea and the US. The minister also said that South Korea's trade policy should create development space for irreplaceable industries such as semiconductors, nuclear power, and shipbuilding, strengthen their position in the global supply chain, and master core technologies that are difficult to replace.

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