Ministry of Industry Holds 1st Subcommittee Meeting on 'Korea-US Semiconductor Partnership'... Discussing Supply Chain Strengthening
Minister Moon Seung-wook Speaking
(Seoul=Yonhap News) Reporter Lee Ji-eun = Moon Seung-wook, Minister of Trade, Industry and Energy (left), is speaking at a corporate meeting to promote semiconductor investment held at Lotte Hotel in Jung-gu, Seoul, on the afternoon of the 16th of last month. 2022.2.16
jieunlee@yna.co.kr
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[Asia Economy Sejong=Reporter Lee Junhyung] The government held the 1st subcommittee meeting of the 'Korea-US Semiconductor Partnership' to discuss semiconductor supply chain cooperation measures with the United States.
The Ministry of Trade, Industry and Energy announced on the 31st that it held the 1st subcommittee meeting of the Korea-US Semiconductor Partnership with the US Department of Commerce. This meeting was a follow-up to the establishment of the '1st Korea-US Semiconductor Partnership Dialogue,' a director-level channel, in December last year. The 1st subcommittee meeting involved discussions in two subcommittees: supply chain analysis and industrial cooperation.
Specifically, the supply chain analysis subcommittee discussed industrial and trade cooperation measures to restore the global semiconductor supply chain. The industrial cooperation subcommittee consulted on key projects for industrial and trade cooperation, including technology development, workforce, and investment. The meeting also shared some achievements since the establishment of the Korea-US Semiconductor Partnership, such as investment projects discovered at the 'Korea-US Semiconductor Partnership Investment Briefing' held in Seoul last month.
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An official from the Ministry of Trade, Industry and Energy stated, "Taking this subcommittee meeting as an opportunity, we will identify successful projects to strengthen the semiconductor industry supply chain and enhance competitiveness between Korea and the US," and added, "We will continue close industrial and trade cooperation based on strong trust between the two countries."
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