Trade, Industry and Energy Minister Moon Sungwook (right) met with United States Secretary of Commerce Gina Raimondo during his visit to Washington D.C. on November 9 (local time), and discussed ways to accelerate industrial cooperation between the two countries.

The two sides agreed to expand the current director-level bilateral dialogue for industrial cooperation to a ministerial talk, and join efforts to provide support for Korean firms investing in the U.S.

Minister Moon also mentioned the recent submission of Korean chipmakers’ trade data, and Secretary Raimondo said that it was an inevitable measure under unprecedented circumstances, promising strict management of business information. The two countries vowed to work together to stabilize the semiconductor supply chain.

Source: Ministry of Trade, Industry and Energy.