Article 8(Materials, components, and equipment competitiveness reinforcement committee) #
(1) The committee on strengthening the competitiveness of materials, components, and equipment (hereinafter referred to as the "competitiveness committee") shall be established under the jurisdiction of the President to deliberate on and coordinate the following matters regarding the competitiveness of materials, components, equipment industries: <Amended on Jun. 13, 2023>
1. Formulation of a master plan under Article 5;
2. Formulation of an implementation plan under Article 6 and evaluation of the outcomes of execution of such plan;
3. Analysis of mid- and long-term prospects for materials, components, and equipment and establishment of a national vision;
4. Measures to develop and supply materials, components, and equipment for large-scale projects that generate demand for new materials, components, and equipment;
5. Introduction and modification of systems related to competitive innovation in the field of materials, components, and equipment;
6. Coordination of work among relevant central administrative agencies on development policy measures in the field of materials, components, and equipment;
7. Review and approval of cooperation models among enterprises related to materials, components, and equipment;
8. Stabilization of supply and demand, and support for demonstration, performance testing, and production related to materials, components, and equipment;
9. Establishment of inter-ministerial coordination and comprehensive strategies for improving regulations and systems, including technology, budget, funding, human resources, and location for materials, components, and equipment;
10. Selection and management of core strategic technologies for materials, components, and equipment;
11. Establishing strategies to stimulate investment in the materials, components, and equipment industry and coordination among relevant administrative agencies;
11-2. Review of regulatory improvements, etc. under Article 23-4(4);
11-3. Basic directions for selecting supply chain stability items;
12. Other matters related to strengthening the competitiveness of the materials, components, and equipment industry that the chairperson deems necessary.
(2) The Competitiveness Committee shall be comprised of up to 30 members, including one chairperson and one vice chairperson.
(3) The Minister of Economy and Finance shall serve as the chairperson; the Minister of Trade, Industry and Resources shall serve as the vice chairperson; and the following persons shall serve as members of the Competitiveness Committee: <Amended on Oct. 1, 2025>
1. The heads of relevant central administrative agencies and other persons prescribed by Presidential Decree;
2. Persons commissioned by the chairperson from among those prescribed by Presidential Decree, such as persons who have extensive knowledge of and experience in strengthening the competitiveness of the materials, components, and equipment industry (including the chairperson of the Win-Win Council for Large Enterprises and SMEs under paragraph (5)).
(4) The Competitiveness Committee may establish an expert committee for each field comprised of members of the Competitiveness Committee or outside experts, if necessary to perform its duties professionally, and may establish the following special committees comprised of members of the Competitiveness Committee or outside experts, if necessary to discuss specific issues related to a policy for strengthening the competitiveness of materials, components, and equipment: <Amended on Jun. 13, 2023>
1. Special Committee for Supply Chain Crisis Response;
2. Other special committees deemed necessary by the chairperson.
(5) The competitiveness committee may hear opinions on the strengthening of competitiveness of materials, components, and equipment, and proposals for a win-win model, etc. from a council that can represent small, medium, and large enterprises (hereinafter referred to as the "win-win council of small, medium, and large enterprises"), and if necessary to conduct affairs, it may hear opinions of related experts with specialized knowledge and experience or request the relevant central administrative agencies, local governments, public institutions, research institutes, or other institution or organization to cooperate by submitting data or presenting opinions.
(6) The Competitiveness Committee may, if necessary for the performance of its duties, request the dispatch or concurrent assignment of public officials of central administrative agencies and local governments and executive officers or employees of public institutions, research institutes, and related institutions, organizations, associations, and enterprises, and may appoint experts in related fields as public officials in fixed term position, within the budget.
(7) Matters necessary for the composition and operation of the Competitiveness Committee, expert committees, and special committees under paragraph (4), and the Win-Win Council for Large Enterprises and SMEs shall be prescribed by Presidential Decree.