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Thu, March 23, 2023 | 16:35
Companies
Korea seeks more investment from Netherlands in chips, new energy fields
Posted : 2022-10-18 11:48
Updated : 2022-10-18 11:48
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Samsung Electronics Vice Chairman Lee Jae-yong, center, inspects a chipmaking machine at the Dutch chip equipment maker ASML's factory in Veldhoven, the Netherlands, June 14. Yonhap
Samsung Electronics Vice Chairman Lee Jae-yong, center, inspects a chipmaking machine at the Dutch chip equipment maker ASML's factory in Veldhoven, the Netherlands, June 14. Yonhap

Korea asked the Netherlands on Tuesday to make greater investments and enhance bilateral cooperation in semiconductors and such advanced industry fields as hydrogen and nuclear power generation, Seoul's industry ministry said.

Deputy Trade Minister Jeong Dae-jin made the request during a meeting with Hanneke Schuiling, the Dutch vice minister for foreign economic relations, in Seoul, according to the Ministry of Trade, Industry and Energy.

"Chung noted that the Korean government will offer greater incentives for investment in strategic industry fields, such as semiconductors, and asked for Korea to be considered as a No. 1 candidate place for additional investment," the ministry said in a release.

Korea has been actively working to support ASML as the Dutch chip equipment maker plans to break ground next month to build a semiconductor cluster in the city of Hwaseong, some 40 kilometers south of Seoul, by earmarking 240 billion won ($168.1 million), it added.

The Dutch official thanked Korea for such deregulation efforts, and proposed active discussions on technology cooperation and nurturing manpower in the chip industry.

The two sides also shared the need for closer cooperation in the nuclear energy, hydrogen and other next-generation energy fields, according to the ministry. (Yonhap)


 
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