S. Korea to create inter-ministry committee on parts, materials and equipment industries

The government is pushing for the creation of an inter-ministry committee to oversee measures aimed at boosting the competitiveness of South Korea's parts, materials and equipment industries.Trade minister Sung Yun-mo made the remarks on Monday during a meeting with ruling party lawmakers,... while explaining plans to support the industries in the wake of Japan's export curbs.He added the government has almost completed procedures to waive preliminary feasibility studies for large-budget projects in the industries.The minister said the government is doing its best to expand next year's budget that'll have some funds set aside to boost the key sectors.