Both sides provided an overview of their respective supply chain resilience and economic security policies, as well as exchanged on their methodologies for monitoring of supply chain disruptions. A second session on thematic cooperation followed, covering regulatory cooperation in automotive, multilateral cooperation on hydrogen and raw materials, as well as discussions on wind, batteries, semiconductors, and Korea’s proposal for a Carbon-Free Alliance. 

In the final session, the EU proposed a series of next steps related to supply chain cooperation that both sides could work towards over the course of the year ahead of the next plenary. ROK agreed that GROW and MOTIE should advance in their work on supply chains – suggesting joint monitoring as a potential follow-up -  cooperation on hydrogen certification, and raw material standards (under ISO project committee 348). In order to advance on these issues, both sides agreed to appoint sherpas to meet at regular intervals between the plenaries and to iron out the details of the bilateral cooperation.

The next iteration of the SCIPD will take place in 2024 in Seoul.