Presidential Office-US NSC Establish Economic Security Channel... "Joint Response to Technology Alliance"

[Image source=Yonhap News]

[Asia Economy Reporter Baek Kyunghwan] The governments of South Korea and the United States have agreed to establish an economic security response channel. This is a permanent dialogue channel agreed upon between the South Korean Presidential Office and the U.S. White House in conjunction with U.S. President Joe Biden's visit to Korea on the 20th.

On this day, the Presidential Office spokesperson stated, "This was agreed upon during the first call this morning between Wang Yoonjong, Secretary for Economic Security, and Tarun Chhabra, Senior Director for Technology and National Security at the U.S. National Security Council (NSC)." They added, "Going forward, through the newly established 'Economic Security Dialogue,' we plan to coordinate economic security issues and response strategies regularly and as needed."

In particular, the Presidential Office explained that the establishment of this Economic Security Dialogue signifies that both countries will closely coordinate policies and jointly respond on key issues of the technology alliance, including advanced technology cooperation and supply chain construction in fields such as semiconductors, secondary batteries, and AI. Additionally, the U.S. side conveyed a message expressing hope to hold the first face-to-face meeting soon, inviting a visit to Washington in June.

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