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President Yoon Seok-yeol Establishes Semiconductor Alliance with Netherlands

President Yoon Seok-yeol, currently on a state visit to the Netherlands, made a significant announcement on the 13th local time regarding a semiconductor alliance between Korea and the Netherlands. Aiming to establish the world’s premier super gap, President Yoon emphasized the importance of this collaboration during a press conference held in The Hague after meeting with Dutch Prime Minister Mark Rutte. This alliance will address critical scientific and technological issues, fostering close information sharing to bridge a substantial gap and jointly develop cutting-edge technologies, President Yoon confirmed.

The establishment of a ‘semiconductor alliance’ was announced by President Yoon and Prime Minister Rutte following their meeting. This initiative marks a milestone in the bilateral relations between Korea and the Netherlands and was reflected in a joint statement adopted during the summit. The statement recognized the unique complementary relationship between the two countries in the semiconductor value chain.

To further consolidate this alliance, the two leaders agreed to establish a new ‘Semiconductor Dialogue’ and introduce a semiconductor human resource training program. They also decided to deepen the ‘strategic partnership’ by launching a ‘2+2 dialogue’ and holding regular meetings to bolster cooperation in the fields of national defense, cyber security, and agriculture.

Additionally, the two nations agreed to expand their cooperation in the areas of science and technology, including the signing of a Memorandum of Understanding on ICT cooperation and the promotion of agreements in the field of science and research. Cultural, artistic, and human exchanges will also receive a boost through an increase in the number of working holiday participants from 100 to 200.

In the security realm, a memorandum of understanding on defense cooperation was signed, and discussions were held on joint military exercises and hosting high-level conferences on responsible military use of artificial intelligence and cyber policy.

The agreements reached during President Yoon’s visit underscore the growing strategic partnership and the deepening ties between Korea and the Netherlands, fostering collaboration across various sectors to support mutual growth and development.

President Yoon Seok-yeol, who is on a state visit to the Netherlands, arrives at the Prime Minister’s Office in The Hague on the 13th (local time) and shakes hands with Dutch Prime Minister Mark Rutte. random news
President Yoon Seok-yeol, who is on a state visit to the Netherlands, said on the 13th (local time), “The goal of the semiconductor alliance between Korea and the Netherlands is to create the world’s best super gap.”

In a press conference held after a meeting with Dutch Prime Minister Mark Rutte in The Hague, President Yoon said, “The semiconductor alliance will discuss and solve important scientific and technological issues together and share information closely to bridge a huge gap and build cutting-edge technologies together.” “It means we do it,” he said.

President Yoon said, “If the relationship between Korea and the Netherlands regarding semiconductors has been a close cooperative relationship, my visit this time has raised the cooperative relationship to an alliance. Alliance means sharing important information in close.”

President Yoon and Prime Minister Rutte announced that the two countries would form a ‘semiconductor alliance’.

The term ‘semiconductor alliance’ between Korea and the Netherlands was also noted in the joint statement adopted on the occasion of this summit. It also included the phrase, “We recognize the special complementary relationship between the two countries in the semiconductor value chain and reaffirm our commitment to building a semiconductor alliance that encompasses governments, companies, and universities.” This is the first time that the two countries have included the phrase ‘semiconductor alliance’ in a joint statement.

Kim Tae-hyo, First Deputy Director of the National Security Bureau, explained in a local briefing the day before, “The two countries promote special cooperation during peacetime, and jointly implement and implement scenarios to overcome the crisis semiconductor supply chain in the incident. of crisis.”

To this end, President Yoon and Prime Minister Rutte decided in a joint statement to establish a new ‘Semiconductor Dialogue’, a bilateral consultative body in the fields of economy, security and industry, and to open a semiconductor human resource training program conductors.

Prime Minister Rutte said, “Korea has always been an important partner, but over the past year and a half, it has developed and reached a truly unprecedented cooperative relationship.” He also smiled looking at President Yoon, saying, “Personal cooperation and friendship with President Yoon also contributes.”

Prime Minister Rutte said, “Semiconductors are very important, but national defense, cyber security, and agriculture are also very important parts,” and he emphasized, “South Korea, along with Japan and New Zealand, is a country that’ n working very closely with NATO in the area.”

In addition, in order to deepen the existing ‘strategic partnership’, the two countries decided to establish a new so-called ‘2+2 dialogue’ where the ministers of foreign affairs and industry participate and hold meetings every other year.

In order to expand strategic communication channels, it was decided to hold the Deputy Minister’s Dissemination Policy Council (Ministry of Foreign Affairs), the Joint Economic Committee (Ministry of Foreign Affairs), and the Joint Innovation Committee (Ministry of Trade, Industry and Energy) on annual.

Cooperation in the fields of national defense, defense industry, and emerging security will also be promoted. A memorandum of understanding (MOU) on defense cooperation was signed and it was decided to promote the holding of a Defense Industry Joint Logistics Committee.

It has been agreed that our military will participate as an observer in the Joint Exercise Project Optic Windmill (JPOW), a post-command air defense and missile defense exercise led by Germany and the Netherlands, in 2025.

In addition, opinions were gathered on the joint hosting of the 2nd High Level Conference on the Responsible Military Use of Artificial Intelligence (REAIM), scheduled to be held in Seoul in 2024, and the hosting of the 3rd Cyber ​​Policy Council in the first half of 2024.

In the field of science and technology, it was announced the signing of a Memorandum of Understanding on ICT cooperation, expanding cooperation in the digital field, and promoting the signing of an agreement or MOU in the field of science and research.

It was also decided to strengthen cultural, artistic and human exchanges, including increasing the number of working holiday participants from 100 to 200.

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