Industry Minister Kim Jung-kwan on Friday called for private sector cooperation to help stabilize industrial supply chains and manage energy demands amid persisting turmoil in the Middle East, his office said. In a meeting with major business associations, Kim urged companies to step up efforts to secure alternative supply sources and refrain from disruptive actions, such as collusion and hoarding, according to the Ministry of Trade, Industry and Resources. The meeting was attended by senior officials from six business associations, including the Korea Chamber of Commerce and Industry and the Federation of Middle Market Enterprises of Korea. Kim also called for voluntary participation by private companies in a five-day vehicle rotation system and other energy-saving measures. The government began implementing the mandatory five-day vehicle rotation system for the public sector earlier this week as part of efforts to respond to crude oil supply disruptions sparked by the Mideast crisis. “Given the gravity of the situation, akin to a wartime footing, we must prepare for all possible scenari
