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two heads of state toured semiconductor factories together and gave a joint speech.

President Yoon Seok-yeol, who gave his first speech, said that the history of Korea-US semiconductor cooperation is as deep as the long history of the Korea-US alliance.

President Biden also emphasized continued cooperation between the United States and the Republic of Korea.



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Samsung Electronics' visit to the Pyeongtaek plant is aligned with the economic and security cooperation that is the core agenda of this summit.



President Biden emphasized the need to reduce dependence on China in high-tech industries such as semiconductors and reorganize supply chains with a focus on allies.



[Biden/President of the United States (simultaneous interpretation): By integrating the capabilities and technical know-how of both countries, producing critical semiconductors from both countries is important not only for all of us, but also for the global economy.



] As a leader in design but lacking production facilities, he emphasized the importance of 'semiconductor partnership' in Korea, which has the ability to supply semiconductors worldwide.



[Biden/President of the United States (Simultaneous Interpretation): This investment will create 3,000 new high-tech jobs in Texas and add 20,000 jobs that Samsung is already creating in the United States.]



Yoon The President expressed his will to stabilize the supply chain system in high-tech fields, including semiconductors, through cooperative relations with the United States.



[President Seok-Yeol Yoon: It will be a good opportunity to reflect on the economic and security implications of semiconductors as well as the meaning of the Korea-US 'Global Comprehensive Strategic Alliance' through semiconductors.



] It has been explained with the concept of 'supply chain alliance', and it has also promised active support for 'strengthening the economic and security alliance'.



[President Seok-Yeol Yoon: I believe that semiconductors are a national security asset that will take responsibility for our future, and we will spare no effort in providing bold incentives and necessary support.]



The two countries have established ‘Economic Security Dialogue’, a permanent dialogue channel to discuss economic and security issues. .



Through this, we plan to coordinate and respond jointly to the core agenda of the technology alliance, including cooperation in high-tech technologies such as semiconductors and establishment of supply chains.



(Video coverage: Joo Beom and Lee Yong-han, Video editing: Kim Kyung-yeon)