South Korea rejected a local media report claiming the government plans to use a semiconductor project as its first investment under a $350 billion US commitment.
The denial came after Korean outlets reported that Seoul was considering a chip manufacturing facility as the initial project under its broader investment pledge to the United States.
Official sources in South Korea clarified that no such decision has been made regarding which sector or project would serve as the flagship investment. The $350 billion commitment, previously announced by Seoul, aims to strengthen economic ties with the US and boost bilateral cooperation in key industries.
The semiconductor industry remains strategically important to both nations, particularly amid global supply chain concerns and efforts to reduce dependence on single-source chip manufacturing. However, the timing and nature of Korea's specific US investments have not been formally determined.
The clarification underscores the ongoing discussions between Seoul and Washington over how to structure and prioritize the planned investments. Further announcements regarding concrete projects are expected as negotiations progress.
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