Korea and Taiwan Business Leaders Strengthen Future Industry Cooperation in the AI Era: "A Complementary Relationship"

Korea-Taiwan Economic Cooperation Committee Meets in Taipei
Over 100 Business Leaders from Both Countries Attend
Discussions on AI Semiconductors, Green Energy, and Content Collaboration

The Federation of Korean Industries held the 49th Korea-Taiwan Economic Cooperation Committee meeting with the Chinese International Economic Cooperation Association (CIECA) on November 27 at the Grand Hyatt Taipei, discussing measures for economic cooperation. Approximately 100 businesspeople from both countries attended the event.

Korean Economic Association Monument Photo by Yonhap News

Kim Jun, Chairman of the Korea-Taiwan Economic Cooperation Committee, stated in his opening remarks, "In the semiconductor sector, Korea excels in memory and packaging, while Taiwan is strong in system semiconductors and foundry. This means the two sides are in a complementary, not competitive, relationship," adding, "If both sides expand joint research and technology exchanges, as seen in the collaboration between SK Hynix and TSMC on high-performance semiconductors for artificial intelligence (AI), it will contribute to the development of the global AI semiconductor ecosystem."

Chang Hsin-Ling, the Taiwanese Chairman, also welcomed participants by saying, "Both Taiwan and Korea possess core manufacturing capabilities in semiconductors and advanced technologies, highly developed industrial ecosystems, and strong competitiveness in cultural content. There is also significant potential for cooperation in AI-related technologies, applications, and markets."

During the meeting, business leaders from both sides sequentially proposed cooperation measures in the fields of AI semiconductors, green energy, and cultural content.

First, Kim Donggeon, Executive Director of FuriosaAI, gave a presentation titled "Building AI Infrastructure Together: Korea and Taiwan." He emphasized, "The global AI semiconductor market is expected to grow by 60% annually from 2023 to 2028, reaching a scale of approximately 700 trillion won," and added, "To meet this computing demand, it is necessary to move beyond simply improving chip performance and expand through cluster-level technological cooperation." He also noted, "When Korea's design technology is combined with Taiwan's infrastructure, it can create significant synergy."

In the green energy session, Kim Seongsu, Executive Vice President of Unison, a wind turbine manufacturer, gave a presentation on "Rising AI Power Demand and Renewable Energy." He stated, "By 2030, global AI power consumption is expected to increase by at least 128% compared to 2024," and projected, "To respond to this, Taiwan is expected to invest about 60 trillion won and Korea about 90 trillion won in wind power generation by 2030, which will also expand opportunities for cooperation between the two sides."

Meanwhile, on the Taiwanese side, Chang Hsin-Ling, Vice President of Aegis Technology, was appointed as the new Chairman of the Taiwan-Korea Economic Cooperation Committee. Chairman Chang is recognized for his expertise in the Taiwanese IT industry, overseeing AI and semiconductor strategy at Aegis Technology.

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