{
  "id": 5419040,
  "title": "Chip tariff talks with U.S. based on understanding S. Korea won't be disadvantaged: Seoul official",
  "url": "https://urgent.news/2026/09/03/chip-tariff-talks-with-u-s-based-on-understanding-s-korea-wont-be",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-03T21:25:43.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20260904000500315"
  },
  "original_language": "en",
  "account": "South Korea's Industry Minister Kim Jung-kwan confirmed on Thursday that ongoing talks between Seoul and Washington regarding U.S. semiconductor tariffs include the understanding that South Korea would not face an unfavorable position compared to its competitors. This assurance came following Commerce Secretary Howard Lutnick's remarks, stating that President Trump's administration is developing a targeted and thoughtful tariff policy specifically for semiconductors.\n\nKim emphasized during a press conference at an event highlighting four U.S. companies' plans to invest in South Korea that the U.S. had previously committed to not treating South Korean semiconductors less favorably than those of its competitors during upcoming tariff negotiations in October. He expressed confidence that the two nations are maintaining this spirit in their ongoing discussions.\n\nAdditionally, Kim mentioned the semiconductor section of a joint fact sheet published by Seoul and Washington in November, which outlined mutual agreements on trade, investment, and security. This fact sheet included a U.S. promise to provide semiconductor tariff rates for South Korea that would be no less favorable than terms potentially offered in a future deal, assuming a chip trade volume at least equal to South Korea's current trade volume.\n\nWhen asked about the expected announcement of U.S. chip tariffs, Kim indicated that the U.S. side has not specified a timeline for this announcement. He also suggested that the announcement of South Korea's first investment project under a bilateral trade agreement could occur this month, suggesting a potential timeline for such a milestone.",
  "summary": "WASHINGTON, Sep. 3 (Yonhap) -- South Korea's Industry Minister Kim Jung-kwan sai...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}