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Thu, July 7, 2022 | 10:26
Foreign Affairs
Korea, US to launch dialogue channel on economic security
Posted : 2022-05-20 17:02
Updated : 2022-05-20 22:04
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Wang Yun-jong, presidential secretary in charge of economic security affairs / Joint Press Corps
Wang Yun-jong, presidential secretary in charge of economic security affairs / Joint Press Corps

By Lee Hyo-jin

Korea and the United States have agreed to launch a dialogue channel on economic security between the two presidential offices, with an aim to strengthen technology cooperation, according to Seoul's presidential office, Friday.

The agreement was made during a phone talk held earlier in the day between Wang Yun-jong, presidential secretary in charge of economic security affairs, and Tarun Chhabra, U.S. National Security Council (NSC) senior director for technology and national security.

"Through the dialogue channel, the two sides will cooperate frequently and on a regular basis on economic security issues," the presidential office said in a statement released to the media.

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"The launch of the channel is meaningful in that the two countries will be able to coordinate closely and respond jointly to key issues regarding cooperation in technologies such as semiconductors, secondary batteries and artificial intelligence (AI), as well as the establishment of supply chains."

The presidential office noted that Chhabra has invited Wang to visit Washington, D.C., to hold face-to-face talks in the near future.

The first phone call between the two officials came hours ahead of U.S. President Joe Biden's visit to Korea. Biden begins a three-day visit to Korea on Friday afternoon, and a summit with President Yoon Suk-yeol is scheduled for Saturday.




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