S. Korea, Netherlands agree to boost cooperation in semiconductor supply chain
South Korea and the Netherlands have agreed to boost supply chain cooperation in semiconductors and critical minerals, including establishing an information-sharing system between their overseas missions, Seoul's foreign ministry said Thursday.
The two countries reached the agreement during the bilateral economic dialogue, headed by Kim Hee-sang, deputy foreign minister for economic affairs, and Michiel Sweers, a Dutch vice minister, in The Hague on Wednesday, the ministry said.
They agreed to push for the launch of an "early warning system" for semiconductor supply chains, under which the two countries will exchange information about the supply chain status of chips, critical minerals and other key materials on a regular basis.
They also committed to working together in identifying potential risks in the semiconductor industry and make efforts to ensure a stable supply chain.
During the trip, Kim signed a memorandum of understanding with the Hague Centre for Strategic Studies think tank for joint research in advanced technologies and other cooperation, the ministry said. (Yonhap)
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