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S. Korea voices concerns over U.S. call for Korean chipmakers to submit sensitive info

All News 17:08 October 07, 2021

SEOUL, Oct. 7 (Yonhap) -- The foreign ministry said Thursday it has voiced concerns to the United States over a recent U.S. request for Samsung Electronics and other global semiconductor manufacturers to offer information to help address global chip shortages, which could amount to a disclosure of trade secrets.

The U.S. Commerce Department has asked several chipmakers, including Samsung and Taiwan's TSMC, to answer a list of questions demanding the provision of such key business information, as Washington seeks to tackle the supply chain woes.

Seoul's trade ministry has also expressed concerns when Trade Minister Yeo Han-koo met with U.S. Trade Representative (USTR) Katherine Tai on the margins of a ministerial gathering in Paris on Tuesday, officials said.

"The ministry has relayed to the U.S. side our concerns at the government level, based on the consultations we had with related ministries and companies," Choi Young-sam, the spokesperson of the foreign ministry told a regular press briefing.

"We will continue to respond to related moves through a comprehensive review on the trends in other countries," Choi added.

At the bilateral summit in Washington in May, Presidents Moon Jae-in and Joe Biden agreed to deepen cooperation to secure stable global supply chains for semiconductors and electric car batteries.

On that occasion, major South Korean companies announced a US$39.4 billion investment plan in the U.S. market, in a move that signaled Korea's support for the U.S. drive to reshape global supply chains.

This photo, provided by South Korea's trade ministry, shows Trade Minister Yeo Han-koo (R) speaking with U.S. Trade Representative Katherine Tai on the margins of a ministerial council meeting of the Organization for Economic Cooperation and Development (OECD), in Paris, France, on Oct. 5, 2021. (PHOTO NOT FOR SALE) (Yonhap)


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