Yoon Seok-yeol Semiconductor Alliance's failed ‘establishment’ media manipulation foreign media ‘ignores’
President Yoon Seok-yeol's 'semiconductor alliance' with the Netherlands failed because it was limited to 'expansion of consultations', but it was changed to 'establishment' through Korean media briefings and reports, and foreign media ignored it.
The summit joint statement released by President Yoon's side states in paragraph 9, "We emphasized the importance of further strengthening the existing cooperation between the semiconductor industries of the two countries and expressed our willingness to support the private sector to maintain a resilient supply chain in the semiconductor sector." The semiconductor alliance attempt was confirmed to have failed.
Paragraph 9 of the joint statement states that “the two leaders will ensure coordination and coordination between the public and private sectors to ensure economic security and resilient global supply chains, and jointly protect and promote core and emerging technologies, including semiconductors, artificial intelligence, and smart agriculture.” “We agreed to work together to find ways to expand consultations.”
The joint statement specifically specified the ‘failure of agreement’ in paragraph 2, saying, “The two leaders confirmed their strong will to meet again at the highest level in the near future.”
Paragraph 12 of the joint statement specifies the ‘confirmation of intent’, saying, “The two leaders recognized the special complementary relationship between the two countries in the semiconductor value chain and reaffirmed their will to build a semiconductor alliance encompassing the government, companies, and universities.” It was confirmed as a ‘failure to build an alliance.’
Second Deputy Minister of National Security Kim Tae-hyo said in a briefing exclusively to the Korean media that day, "The term 'semiconductor alliance' was included in the joint statement between the leaders of Korea and the Netherlands after close consultation."
‘The Hankyoreh’ <President Yoon holds Korea-Netherlands summit… Semiconductor Alliance Statement Adoption>, ‘Chosun’ <Korea-Netherlands ‘Semiconductor Alliance’ Codified… “Overcoming the supply chain crisis together”> ‘Dong-A’ <The first ‘semiconductor alliance’ is mentioned in the joint statement between Korea and the Netherlands… 尹 “We will create a super gap”> ‘News 1’ <Korea-Netherlands joint statement adopted… ‘Semiconductor Alliance’ five major strategic cooperation stipulations> ‘Kyunghyang’ <Joint statement between the leaders of Korea and the Netherlands “Establishing a semiconductor alliance”> ‘Maeil Business Newspaper’ <“Semiconductor alliance relationship”… Korea-Netherlands stipulate in joint statement> ‘Newsis’ <Korea-Netherlands ‘semiconductor alliance’ stipulated… “Overcoming the supply chain crisis”> ‘Yonhap News’ <Korea-Netherlands ‘Semiconductor Alliance’ stipulated… “Overcoming supply chain crises together”> ‘Culture’ <Korea-Netherlands ‘Semiconductor Alliance’ stipulated>
AP said, “As part of this visit (Seok-Yeol Yoon), Korea Hydro & Nuclear Power Company, a Korean nuclear power company, signed a contract to conduct a feasibility study for the construction of two new nuclear power plants in the southern Dutch city of Borselle,” adding, “The American company Westinghouse and France's EDF will soon sign a similar contract, the Dutch government announced. “Borsel is home to the Netherlands’ only nuclear power plant near the border with Belgium and the North Sea coast,” it was reported today.
AP continued, “The Netherlands and Korea are strengthening cooperation in the semiconductor chip field as part of a deepening ‘strategic partnership,’ Prime Minister Mark Rutte said on the 14th.” The Dutch leader met with South Korean President Yoon Seok-yeol during a two-day state visit. “It was said after the meeting, and the meeting between the two took place a day after President Yoon visited the headquarters of ASML, a semiconductor chip manufacturer.”
“The two countries will now strengthen cooperation in this area,” Prime Minister Rutte said, adding, “I think this is a promising initiative and a real win-win situation,” the AP reported.
The joint statement continued in paragraph 3, stating, “The two leaders agreed to upgrade the existing Vice Minister-level Policy Consultation to a biennial ministerial-level strategic dialogue between the foreign ministers of the two countries to address common concerns, including security and economic security.” At the 'Biennial Consultation of Assistant Ministers', President Yoon and Prime Minister Rutte agreed and signed not to deviate from basic diplomatic channels.
Park Chun-seop, senior secretary for economic affairs, said on the 13th, "With President Yoon Seok-yeol's state visit to the Netherlands, a global semiconductor supply chain alliance that will connect the entire cycle from design to sub-materials (materials, parts, equipment) and manufacturing has been completed." switched.
Secretary Park said at a briefing in Amsterdam, "We decided to establish a semiconductor cooperation channel between governments and strengthen cooperation in the supply chain of key items by stipulating the 'semiconductor alliance' between the two countries." He added, "The semiconductor supply chain alliance linking the United States, Japan, and the United Kingdom to the Netherlands has been completed." “It has meaning,” he said.
At the Korea-US summit held in May of last year, President Yoon limited himself to the ‘supply chain alliance’ and handed over ‘joint development of advanced semiconductors’ at the subsequent US-Japan summit, limiting Korea’s role to US investment in batteries.
The joint development of advanced semiconductors between the United States and Japan focuses on ‘non-memory semiconductor design and production’ through investment in factories in Japan by Taiwan’s TSMC, the strongest foundry manufacturer, and investment in Japan by American technology companies.
Samsung's '1 trillion won R&D joint venture', which President Yoon implemented in the Netherlands' semiconductor strategy, has a large gap in the development of advanced semiconductors in the approach of Dutch manufacturing equipment company ASML and semiconductor producer Samsung.
Secretary Park said, "ASML's next-generation extreme ultraviolet (EUV) equipment is essential for the mass production of 2-nanometer-based semiconductors, and the annual production capacity is expected to be around 20 units." He added, "Securing a stable next-generation EUV equipment is the key to the future semiconductor industry." He confirmed the gap between ‘equipment acquisition’ and ‘development’, saying, “It will be a key variable that will determine the winner or loser of the miniaturization competition.”
Prime Minister Rutte, whose retirement was confirmed, told the Korean media at a press conference, "The Republic of Korea is one of the countries that cooperates very closely with NATO, along with Japan, the United States, and New Zealand." Even though semiconductors, etc. were not approached at all, stating that “even semiconductors are important,” the Korean media all reported on “establishing a semiconductor alliance.”
At a press conference, President Yoon said, "If the semiconductor-related relationship between Korea and the Netherlands has been a close cooperative relationship, this visit has elevated this cooperative relationship to an alliance relationship," and added, "To maintain the semiconductor super gap and build cutting-edge technologies together, we will pursue major cooperation." “It means discussing and solving scientific and technological problems together and sharing information closely,” he said, adding that the “meaning of closely sharing information” was provided as “a purpose for building alliances and manipulating the media.”
President Yoon's visit to the ASML factory in the Netherlands was attended by the King, who does not intervene in political economy, and the Prime Minister was absent.