South Korea Seeks US Support Amid China Chip Restrictions
South Korea has expressed interest in obtaining mutually beneficial terms from the United States in response to stringent restrictions imposed by Washington on access to chip production technologies, particularly concerning Chinese companies. In recent months, usually focused on cooperation in technology, politics, and security, the two allies have begun to regroup their economic strategies amid changes in the global semiconductor market.
There is a clear need for South Korea to gain support from the US, especially in terms of discounts or other forms of financial assistance to mitigate the negative repercussions triggered by the implementation of anti-China measures. These restrictions are also expected to pose challenges for local chip manufacturers reliant on technology and supply from China.
Despite existing limitations, South Korea strives to maintain stable economic relations with China. At the same time, it understands that it will be necessary to operate within a new global dynamic where the US plays a crucial role. The issue of US support and its conditions is likely to emerge as a key topic in upcoming meetings between officials from the two nations.
South Korean ministers emphasize the importance of balanced technology and industrial policy that adequately considers the needs of local producers as well as the international situation. Rapid changes in the technology sector require countries like South Korea to remain flexible in partnerships with both the US and China.
Ultimately, the future of the Korean semiconductor industry may depend on the country’s ability to adapt to a new order based on complex geopolitical realities and to find avenues for effective collaboration with key market players, including its American allies.
