Ryu Jin, Chairman of Hankyung Association, "Economic and Technological Korea-US Alliance Elevated to 'Core Axis' is Encouraging"

8th Korea-US Next-Generation Core and Emerging Technology Cooperation Public-Private Forum
Cho Tae-yong National Security Office Chief and Sullivan NCS Head - Dialogue with Business Leaders
Samsung, Hyundai Motor, SK, Lotte, Google, IBM, Amazon Web Services Participate

Korean companies such as Samsung, SK, Hyundai Motor, and Lotte, along with American companies including Google, IBM, Applied Materials, and Amazon Web Services, met with the highest-level national security officials from both countries' presidential offices to agree on close cooperation in advanced technology sectors directly linked to national security.

The Korea Economic Organization Association announced that on the 8th, it held the "Korea-U.S. Next-Generation Core and Emerging Technology Cooperation Public-Private Forum" at the FKI Tower Conference Center in Yeouido, Yeongdeungpo-gu, Seoul, together with the U.S. Chamber of Commerce. This public-private joint forum aims to fully activate cooperation in core and emerging technology sectors, which both countries pledged to actively promote at the Korea-U.S. summit in April.

National Security Office Director Cho Tae-yong and U.S. National Security Advisor Jake Sullivan, heads of the national security councils of both countries, attended the forum. About 30 companies participated, including Korean firms such as Samsung, Hyundai Motor, SK, and Lotte, as well as American companies like the U.S. Chamber of Commerce, Google, IBM, Applied Materials, and Amazon Web Services.

Ryu Jin, Chairman of the Korea Economic Association. [Photo by Hankyunghyeop]

The forum focused on strengthening cooperation in core and emerging technology fields such as semiconductors, batteries, artificial intelligence (AI), quantum technology, and biotechnology, as well as securing economic security.

Ryu Jin, chairman of the Korea Economic Organization Association, said in his opening remarks, "It is very encouraging to highlight the importance of advanced technology from a national security perspective and elevate the economic and technological partnership between the two countries as a core pillar of the Korea-U.S. alliance." He added, "Based on the fact that the two countries are each other's top-value allies, close cooperation between companies and governments can strengthen competitiveness in core and emerging technologies and secure economic security."

Chairman Ryu also stated, "The Korea-U.S. business communities will accelerate mutual investment expansion in advanced fields and the establishment of technology standards," and urged, "The government should also minimize obstacles such as trade and regulatory barriers."

Jake Sullivan, U.S. White House National Security Advisor.
Photo by Hankyung Association

National security leaders also emphasized the importance of supporting advanced technology companies and preventing overseas technology leakage. Director Cho Tae-yong, in his keynote speech, said, "Leading technological superiority in core and emerging technology sectors will determine the future of national security, economy, and geopolitics." He added, "We will support companies through Korea-U.S. joint research and development in core and emerging technologies, adoption of international technology standards suitable for companies in both countries, and strict national-level management and protection to prevent overseas technology theft, cooperating throughout the entire cycle of core and emerging technologies."

During the subsequent dialogue session with the Korea-U.S. national security directors, business leaders presented constructive ideas for the development of advanced technology sectors and improvements to regulatory difficulties in emerging industries. They expressed expectations for continuous close cooperation between the Korea-U.S. business communities and governments.

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