The government said it has planned to lower reliance on imports of cutting-edge parts and raw materials from foreign countries to below 50%.

The Ministry of Trade, Industry, and Energy (MOTIE) recently announced a ‘3050 strategy for the industry supply chain,’ which aims to lower the reliance on imports from any single foreign country for 185 key categories that are utilized in semi-conductor, secondary battery, and automobiles to below 50% by 2030. This strategy is intended to eradicate the root of the problem amid recent concerns about the ‘shortage of urea solution.’

In the bio-category, items such as biological media, biomedicines, and disposable bags were included. However, acti