seoul feb 14 reuters  south korea president moon jaein said on monday the government will create a fund to better secure key raw materials essential for manufacturing and exporting in the face of current supply bottlenecks as a control tower the presidential economic security supply chain management committee will be newly established and a fiscal backing will be made as we will create a fund to stabilize supply chain woes moon said at a cabinet meeting according to a statement from the presidential blue house he said the government will make a list of raw materials and other items essential for economic security purposes and manage them to protect local companies against shortages with consumer inflation hovering at a decade high everything from memory chips to food is getting more expensive hurting sales at exporters such as hyundai motor 005380ks and lg energy solution 373220ks read more over in the united states the annul inflation rate has hit a 40year high at 75 while euro zone inflation surged to record high of 5 in december underscoring supply chain challenges for exportled economies like south korea read more hyundai and its affiliate kia corp 000270ks together among the worlds top 10 automakers by sales have forecast a 121 jump in their combined global sales for 2022 after their sales fell almost 4 short of a target of 692 million vehicles last year due to the chip shortages read more south koreas january factory activity grew at the fastest pace in six months a privatesector survey showed on feb 3 but persistent supply chain woes weighed on the outlook respondents in the survey said a stronger recovery was held back by sustained material shortages and the impact of the omicron variant of the coronavirus