South Korea says it will seek more favourable chip tariff terms with the US and expects limited impact on its companies.
19 Jan 2026, 13:53 | Updated: 17m ago
The national flag of the Republic of Korea (South Korea) flies up a flagpole on a beautiful summer day with a background of blue sky and white clouds.
Picture:
Alamy
South Korean officials say the country will negotiate with the United States in an effort to secure more favourable terms on chip tariffs.
The South Korean trade minister said the measures are expected to have only a limited impact on the country’s companies, despite the importance of the sector to the national economy.
South Korea is home to some of the world’s largest memory chip producers, including Samsung and SK Hynix, and the government says it will continue discussions to protect the competitiveness of its semiconductor industry.