South Korea targets cutting Middle East crude reliance to 50% by 2035

South Korea's industry ministry has drafted a 10-year resource security plan aiming to reduce Middle East crude imports from ~70% to 50% by 2035, and to boost oil reserves by 20 million barrels by 2030. The plan reflects supply-chain diversification concerns tied to Strait of Hormuz transit risk. Implementation details and alternative sourcing partners remain unspecified.