South Korea looks to break China import dependence and establish ‘supply chain alliances’

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South Korea’s president Yoon Suk-yeol is gearing up to reorganise his country’s trade relations by reducing dependence on China and building “supply chain alliances”.

The world’s No 2 economy is by far South Korea’s largest trading partner, accounting for 25 per cent of total trade last year, followed by the United States’ share of 15 per cent.