Global semiconductor production is dominated by countries such as the United States, Japan, Taiwan, and South Korea, and China will be isolated. (European News Agency)
[Sianel Ariannol / Adroddiad Cynhwysfawr]South Korean President Yoon Seok-yue will visit Japan on March 16, laying a solid foundation for the alliance between the two countries, which will make China feel bad. As far as semiconductors are concerned, Japan and South Korea broke the ice and joined the US camp, along with the help of the Netherlands. South Korean scholars believe that China’s semiconductor supply chain will be marginal and more isolated.
South Korean President Yoon Suk-yue recently announced that South Korea will no longer require Japanese companies to compensate victims of South Korean forced labor during World War II as one of the most important measures to improve relations between the two countries. Instead, Seoul will create a government fund to pay victims directly.
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Breaking the ice between Japan and South Korea is particularly important to Beijing. Furthermore, South Korean President Yoon Seok-yue will also visit Japan on March 16 and hold talks with Japanese Prime Minister Fumio Kishida. The Japanese government also revealed that it is coordinating to invite South Korean President Yoon Seok-yue to attend an extended meeting of the G7 summit held in Hiroshima in May.
The South China Morning Post reported that Yin Xiyue was the first South Korean head of state to visit Japan in 12 years. It is expected that Yin Xiyue will also persuade Tokyo to cancel the export control of South Korea’s chip manufacturing materials and coordinate South Korea’s chip manufacturing sites. Japan and South Korea in the supply chain.
Park Ki-soon, former vice president of the Samsung Economic Research Institute and president of the Samsung China Economic Research Institute, and now a senior consultant at Dentons Lee Law, bluntly said that Yoon’s visit to Korea is expected to lead to Japan-South Korea. harmonize and accelerate China’s marginalization in advanced manufacturing and global supply chains.
Park Ki-sun said that global semiconductor production is dominated by countries such as the United States, Japan, Taiwan, and South Korea. The semiconductor supply chains of these countries will become more stable, and China is isolated.
Kim Dae-jung, a business professor at Sejong University in Seoul, also said that if the relationship between Japan and South Korea is normalized, it will greatly help South Korea to import semiconductor materials, parts and equipment, and the trade between the two sides. it is expected to return to the pre-2019 level.
However, the disconnection of South Korea and China is expected to suffer huge losses. Kim Dae-jung said that chips account for 20% of South Korea’s total exports, of which 60% are exported to China. If South Korea follows the United States, the investment in China may lose as much as 50 trillion won.
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