SEOUL-- South Korea and ASML Holding N.V., the world's leading photolithography equipment maker, agreed Thursday to enhance cooperation for resilient supply chains of semiconductors and other key materials and equipment, Seoul's industry ministry said.

The consensus was reached during a meeting between Industry Minister Moon Sung-wook and ASML CEO Peter Wennink at the firm's local headquarters in the city of Hwaseong, some 40 kilometers south of Seoul.

"I expect ASML and South Korean companies to work closely further to ensure the stable supply of materials and components for high-tech equipment," Moon told Wennink, vowing to extend active support for the company's cluster establishment project.

Source: Yonhap News Agency