South Korean and Chinese delegates led by ROK Vice Foreign Minister Oh Young-joo and Deputy Director of China's Ministry of Commerce Li Fei, respectively, participate in the 27th Korea-China Economic Joint Committee meeting in Beijing, Aug. 29, 2023 | Image:
ROK Ministry of Foreign Affairs
The 27th "Korea-China Economic Joint Committee" was held in Beijing, China, on the morning of August 29th (Tuesday) with Vice Foreign Minister Oh Young-joo and Li Fei
In bilateral consultations between South Korea and China on Aug. 29, Beijing clarified its stance on the gallium and germanium export restrictions it implemented earlier this month. Chinese officials reassured their South Korean counterparts that the measures aren’t an outright ban but export restrictions and that exports to South Korean companies can resume if they apply for permissions according to stipulated procedures. This move comes as China accounts for 80% of the world’s gallium and 60% of germanium, materials vital for manufacturing semiconductors.
South Korea voiced its hopes during the 27th Korea-China Economic Joint Committee meeting in Beijing, urging that export control procedures related to the two elements operate reasonably, ensuring no adverse impacts on Korean businesses. China emphasized the mutual benefits of maintaining a stable supply chain, suggesting an ongoing commitment to policy communication between the two nations.
In bilateral consultations between South Korea and China on Aug. 29, Beijing clarified its stance on the gallium and germanium export restrictions it implemented earlier this month. Chinese officials reassured their South Korean counterparts that the measures aren’t an outright ban but export restrictions and that exports to South Korean companies can resume if they apply for permissions according to stipulated procedures. This move comes as China accounts for 80% of the world’s gallium and 60% of germanium, materials vital for manufacturing semiconductors.
South Korea voiced its hopes during the 27th Korea-China Economic Joint Committee meeting in Beijing, urging that export control procedures related to the two elements operate reasonably, ensuring no adverse impacts on Korean businesses. China emphasized the mutual benefits of maintaining a stable supply chain, suggesting an ongoing commitment to policy communication between the two nations.
Get 30 days
of free access to
KoreaPro
Full access to all analysis
The KOREA PRO newsletter, every business day
Daily analysis on the top story of the day
The ability to suggest topics for coverage by our specialist team
Be smart about South Korea
Get full access to expert analysis and opinion.
Start now
No charges during your trial. Cancel anytime. A paid subscription will start after 30 days.
© Korea Risk Group. All rights reserved.
No part of this content may be reproduced, distributed, or used for
commercial purposes without prior written permission from Korea Risk
Group.