Semiconductor-EV-Battery Cooperation Discussion
The field of solar energy and bio-health is also mentioned.
China-Startup Accompanied Sales Diplomacy
A plan to accompany President Yoon Seok-yeol’s state visit to the United States next week is being strongly coordinated. With economic security emerging as a key issue amidst the global supply chain crisis, officials from more than 100 companies covering semiconductors, electric vehicles, batteries, artificial intelligence (AI), and bio-health will accompany the Korean president’s state visit to the United States, which took place in 12 years. is known to be scheduled.
According to business circles and passports on the 18th, President Yoon’s economic delegation to the US to commemorate the 70th anniversary of the ROK-US alliance at the end of this month included Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Chairman Chung Eui-sun, LG Corp. CEO Kwang-mo Koo, Lotte Group Chairman Shin Dong-bin, and GS Huh Tae-soo. It is known that a large number of heads of conglomerates will be included, including group chairman Jung Ki-seon, HD Hyundai CEO, Hyosung Chairman Cho Hyun-joon, CJ Group chairman Lee Jae-hyun, and Poongsan Group chairman Ryu Jin.
In particular, as the ROK-US alliance is being upgraded to an economic and technological alliance, the establishment of an ‘energy security alliance’ that strengthens cooperation in eco-friendly energy technology and biohealth cooperation can also be discussed. A visit to the US by Hanwha Group Vice Chairman Kim Dong-gwan has also been confirmed. It is in the same context that US Vice President Kamala Harris visited the Hanwha Solutions plant in Georgia, which produces solar modules. While President Yoon declared that he would “develop the biohealth industry into a second semiconductor industry,” Celltrion Chairman Seo Jeong-jin’s visit to the US is also strongly mentioned.
The size of the economic delegation is expected to be larger than when he visited Japan last month and also during his state visit to the United Arab Emirates in January this year. The Federation of Korean Industries (FKI) is selecting a wide range of medium-sized, small and medium-sized enterprises, and startups in high-tech industries such as semiconductors, batteries, bio, space, and fintech as well as existing large companies as economic missions. A government official said, “Earlier this year, on the occasion of his visit to the UAE, President Yoon personally strongly expressed his will for ‘sales diplomacy’, and as cooperation with US companies is urgently needed in various fields, the size of the economic delegation is expected to be expanded compared to the previous administration.” predicted.
In particular, specific discussions will be held to strengthen cooperation in the space domain. There are also observations that President Yoon can find the representative space strategic base of the United States. In a joint statement after the summit in May of last year, President Yoon and US President Joe Biden said, “We promised to strengthen the ROK-US alliance in all areas of space cooperation.”
Source: Donga
Mark Jones is a world traveler and journalist for News Rebeat. With a curious mind and a love of adventure, Mark brings a unique perspective to the latest global events and provides in-depth and thought-provoking coverage of the world at large.