Chip tariff talks with US based on understanding Korea won't be disadvantaged: Seoul official
Korea's Industry Minister Kim Jung-kwan said Thursday that Seoul and Washington are continuing talks on U.S. semiconductor tariffs under the understanding that Korea would not be put at a disadvantage compared with its competitors. Kim made the remarks during a meeting with reporters at an event marking four U.S. companies' plans to invest in Korea, a day after U.S. Commerce Secretary Howard…
South Korean Industry Minister Kim Jung-kwan stated on Thursday that ongoing discussions between Seoul and Washington regarding U.S. semiconductor tariffs do not foresee Korea being placed at a disadvantage relative to its competitors. The remarks were made during a press conference following an event announcing four U.S. firms' investments in South Korea. This comes after Commerce Secretary Howard Lutnick disclosed that the Trump administration is crafting a "targeted and thoughtful tariff policy" for semiconductors.
In October, the U.S. had assured that Korean semiconductors would not face less favorable treatment compared to those of other nations during tariff negotiations. Minister Kim expressed confidence that the current talks are proceeding with the same intention. He also highlighted the semiconductor section of a joint fact sheet released by Seoul and Washington in November, which detailed bilateral agreements on trade, investment, and security.
The fact sheet confirmed that the U.S. committed to offering semiconductor tariff rates for Korea that are "no less favorable" than the terms provided to other countries.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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