Comprehensive Rare Earth Supply Chain Measures

The package addresses Korea’s rare earth supply-chain vulnerability across mining, separation and refining, magnet production, recycling and stockpiling. The government decided to designate all 17 rare earth elements as critical minerals and to strengthen monitoring through new or more detailed HSK trade codes. It also expands policy support for overseas resource development, including an increase in the overseas resource development loan budget to KRW 67.5 billion and the creation of a rare earth R&D fund. Additional measures include resource diplomacy, public risk sharing, rare-earth reduction technologies, permanent magnet recycling and expanded public stockpiling.

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