South Korean Commerce Minister Yeo Han-koo, proper, meets Dutch Financial Affairs Minister Vincent Karremans, second from left, Netherlands, Wednesday. Courtesy of Ministry of Commerce, Business and Sources
Commerce Minister Yeo Han-koo has mentioned Korea’s cooperation with the Netherlands in semiconductors, logistics and funding throughout his go to to Amsterdam, his workplace mentioned Friday.
Yeo met with the Dutch Financial Affairs Minister Vincent Karremans to debate increasing the 2 nations’ cooperation in semiconductors, batteries and important minerals, agreeing to push for an enlargement of the bilateral partnership, in keeping with the Ministry of Commerce, Business and Sources.
The 2 sides agreed that their chip collaboration serves as a core pillar of stabilization for international provide chains, whereas exchanging views on the battle between the Netherlands and China over car chipmaker Nexperia.
In September, the Dutch authorities determined to take supervisory management of Nexperia, a Netherlands-based agency that was acquired by China’s Wingtech Expertise, citing dangers to Europe’s financial safety.
The transfer triggered China to limit exports of Nexperia’s chips completed within the nation, inflicting disruptions within the international automobile trade.
Yeo and Karremans additionally reached a consensus on the necessity to help and defend Korean battery companies investing within the European Union (EU) below the fast-changing industrial ecosystem within the area.
“The Netherlands is the European nation that has made the most important funding in Korea and a key commerce and funding companion for us in semiconductor and different superior industries,” Yeo mentioned in a press launch, vowing efforts to additional solidify “forward-looking” financial ties between the 2 nations.
Throughout his go to to the Netherlands, Yeo met with the Port of Rotterdam Authority to debate methods to enhance logistics cooperation for the digital transition of the logistics trade and enlargement of using eco-friendly vitality.
He additionally met with officers from Korean firms working within the nation, comparable to main on the spot noodle maker Samyang Meals Inc., to debate measures to resolve non-tariff limitations hindering the enlargement of their enterprise in Europe.
As well as, the commerce minister held a gathering with INGKA Funding, a Dutch firm investing in renewable vitality, and a world semiconductor gear supplier Prodrive Applied sciences to name for his or her funding in Korea for cooperation within the inexperienced economic system and synthetic intelligence, in keeping with the ministry.
