US-South Korea discuss ways to boost chip supply chain resilience

In a statement U.S. Trade Representative Katherine Tai and South Korean Trade Minister Yeo Han-koo said, the two discussed supply chain resiliency, climate change and reforming the World Trade Organization.

In a virtual meeting, both officials “agreed on the importance of a strong U.S.-Korea bilateral trade relationship and committed to maintaining an open dialogue moving forward”.

Both countries pledged to deepen economic and security cooperation and agreed to work more closely to increase the supplies of legacy semiconductors for the global automotive industry, as well as support semiconductor manufacturers in both countries. Both also agreed to cooperate closely on reforms of the World Trade Organization, and collaborate on ending new public financing for overseas coal-fired power plants.

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