Seoul: South Korea's Industry Minister Ahn Duk-geun emphasized Wednesday that the government will prioritize removing uncertainties in the semiconductor sector by closely engaging with the incoming U.S. administration under Donald Trump. "As the U.S. is a major semiconductor market and a key investment destination for Korean companies, we must closely monitor any shifts in U.S. policy and thoroughly prepare for all possibilities," Ahn said during a meeting with officials from major South Korean chipmakers, including Samsung Electronics Co. and SK hynix Inc. According to Yonhap News Agency, Ahn stated, "We will work to resolve uncertainties by maintaining close communication with the new U.S. administration through various diplomatic and trade channels." Semiconductors are South Korea's largest export product, and concerns are mounting over possible policy changes in the U.S., including the introduction of universal tariffs or reductions in investment subsidies under the CHIPS and Science Act. Samsung Electr onics and SK hynix have plans to build or expand their facilities in the United States. During the meeting, industry officials urged the South Korean government to strengthen cooperation with the U.S. administration to help ensure the stability of South Korean investments and exports. The Korea Semiconductor Industry Association highlighted that any significant policy changes in the U.S. would profoundly affect the global semiconductor supply chain, as South Korea, the U.S., Taiwan, and other major chip-producing nations are closely interconnected.
South Korea’s Industry Minister Aims to Address Semiconductor Uncertainties with New U.S. Government.
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