{"id":2204791,"date":"2024-04-23T08:00:17","date_gmt":"2024-04-22T23:00:17","guid":{"rendered":"https:\/\/koreapro.org\/?p=2204791"},"modified":"2024-04-22T16:16:42","modified_gmt":"2024-04-22T07:16:42","slug":"south-korea-japan-strengthen-chip-partnership-with-120-million-investment-deal","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/04\/south-korea-japan-strengthen-chip-partnership-with-120-million-investment-deal\/","title":{"rendered":"South Korea, Japan strengthen chip partnership with $120 million investment deal"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Japan\u2019s Toray Industries and a semiconductor material company confirmed investments totaling approximately $120 million in South Korea during industry minister Ahn Duk-geun\u2019s visit to Japan, according to South Korea\u2019s <\/span><a href=\"https:\/\/www.motie.go.kr\/kor\/article\/ATCL3f49a5a8c\/168945\/view?mno=&amp;pageIndex=1&amp;rowPageC=0&amp;displayAuthor=&amp;searchCategory=0&amp;schClear=on&amp;startDtD=&amp;endDtD=&amp;searchCondition=1&amp;searchKeyword=#\"><span style=\"font-weight: 400;\">Ministry of Trade, Industry and Energy<\/span><\/a><span style=\"font-weight: 400;\"> (MOTIE). Toray plans to expand its advanced materials production in South Korea, with a new aramid fiber manufacturing facility set for completion in 2025.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ahn also met with a Japanese chemical company representative to discuss cooperation on anode material manufacturing investments, stressing the importance of domestic production for supply chain stability. Additionally, Ahn visited semiconductor equipment company Tokyo Electron Ltd. and chaired the \u201cJapan Market Export Promotion Meeting\u201d to explore ways to increase exports to Japan with various South Korean companies.<\/span><\/p>\n<p><b>Why It Matters<\/b><\/p>\n<p><span style=\"font-weight: 400;\">MOTIE\u2019s announcement highlights a growing trend of increased tech cooperation between the U.S., South Korea and Japan. Samsung Electronics <\/span><a href=\"https:\/\/koreapro.org\/2024\/01\/why-south-korean-semiconductor-firms-face-opportunities-and-pitfalls-in-japan\/\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> plans to establish a semiconductor research facility in Yokohama, Japan, with a total investment of $281 million, of which Japan will fund up to $135.7 million in Dec. 2023. Additionally, the U.S. Department of Commerce <\/span><a href=\"https:\/\/koreapro.org\/2024\/04\/south-koreas-industries-minister-meets-us-officials-to-discuss-chip-subsidies\/\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> last week that it would provide Samsung Electronics with up to $6.4 billion in direct funding under the CHIPS and Science Act for its semiconductor facilities in Texas.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">South Korea\u2019s chip manufacturers face intense competition from countries like the U.S., Taiwan, and Japan, which are aggressively <\/span><a href=\"https:\/\/koreapro.org\/2024\/04\/yoons-chip-cluster-plan-raises-feasibility-concerns-overlooks-challenges\/\"><span style=\"font-weight: 400;\">subsidizing<\/span><\/a><span style=\"font-weight: 400;\"> the reshoring of semiconductor production. Moreover, South Korea\u2019s global semiconductor market share has <\/span><a href=\"https:\/\/koreapro.org\/2024\/03\/us-and-south-korea-discuss-chip-cooperation-amid-long-term-industry-concerns\/\"><span style=\"font-weight: 400;\">declined<\/span><\/a><span style=\"font-weight: 400;\"> over the past several years while China\u2019s market share has grown. The increased cooperation between the U.S., South Korea and Japan aims to bolster their competitive edge in the global semiconductor industry.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/inter-korean-foreign-relations\/\"><span class=\"tag\">Inter-Korean &amp; Foreign Relations<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/technology-cyber\/\"><span class=\"tag\">Technology &amp; Cyber<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>Japan\u2019s Toray Industries and a semiconductor material company confirmed investments totaling approximately $120 million in South Korea during industry minister Ahn Duk-geun\u2019s visit to Japan, according to South Korea\u2019s Ministry of Trade, Industry and Energy (MOTIE). Toray plans to expand its advanced materials production in South Korea, with a new aramid fiber manufacturing facility set [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2204795,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,28,29],"class_list":["post-2204791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-inter-korean-foreign-relations","tag-technology-cyber"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea, Japan strengthen chip partnership with $120 million investment deal - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2024\/04\/south-korea-japan-strengthen-chip-partnership-with-120-million-investment-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea, Japan strengthen chip partnership with $120 million investment deal - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"Japan\u2019s Toray Industries and a semiconductor material company confirmed investments totaling approximately $120 million in South Korea during industry minister Ahn Duk-geun\u2019s visit to Japan, according to South Korea\u2019s Ministry of Trade, Industry and Energy (MOTIE). Toray plans to expand its advanced materials production in South Korea, with a new aramid fiber manufacturing facility set [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/koreapro.org\/2024\/04\/south-korea-japan-strengthen-chip-partnership-with-120-million-investment-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"KOREA PRO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nknewsorg\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-22T23:00:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-22T07:16:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/koreapro.org\/wp-content\/uploads\/sites\/6\/2024\/04\/eb-16.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1870\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"johnleenknews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:site\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"KOREA PRO\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/koreapro.org\/2024\/04\/south-korea-japan-strengthen-chip-partnership-with-120-million-investment-deal\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/2024\/04\/south-korea-japan-strengthen-chip-partnership-with-120-million-investment-deal\/\"},\"author\":{\"name\":\"johnleenknews\",\"@id\":\"https:\/\/koreapro.org\/#\/schema\/person\/b9766dba611638edc06a6e0b7078714d\"},\"headline\":\"South Korea, Japan strengthen chip partnership with $120 million investment deal\",\"datePublished\":\"2024-04-22T23:00:17+00:00\",\"dateModified\":\"2024-04-22T07:16:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2024\/04\/south-korea-japan-strengthen-chip-partnership-with-120-million-investment-deal\/\"},\"wordCount\":283,\"publisher\":{\"@id\":\"https:\/\/koreapro.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2024\/04\/south-korea-japan-strengthen-chip-partnership-with-120-million-investment-deal\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/04\/eb-16.png\",\"keywords\":[\"Business &amp; 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