Choi Jong-moon, Deputy Foreign Minister: "Supply Chain Emergency Meeting Shows US Priorities"

[Asia Economy Reporter Yoo In-ho] Choi Jong-moon, the 2nd Vice Foreign Minister, stated that the recent summit on semiconductor and other key industry supply chains convened by the United States on the occasion of the G20 summit "shows how much priority the U.S. side is placing on supply chain issues."

Vice Minister Choi appeared on a radio broadcast on the 3rd and said, "It is not common to urgently hold a separate summit during a multilateral summit," emphasizing this point.

In response to a question asking if the purpose of this meeting was "probably because of China," he said, "There were issues earlier this year with automotive semiconductors and electric vehicle batteries, and recently, congestion at the Long Beach port likely became a direct cause," adding, "I believe the U.S. feels a significant sense of crisis regarding supply chain issues."

U.S. President Joe Biden held a separate global summit addressing supply chain issues on the 31st of last month (local time) in Rome, Italy, where the G20 summit took place.

Fourteen countries participated, centered on U.S. allies and key partners including President Moon Jae-in of Korea, Australia, India, and the United Kingdom.

This content was produced with the assistance of AI translation services.