The South Korean presidential office has strongly denied recent reports suggesting the US government stake in South Korean chipmakers is under consideration. Presidential spokesperson Kang Yu-jung addressed the issue during a press briefing in Seoul on Tuesday. She clearly stated that no such discussions have taken place.
Kang’s statement responded to a local media report claiming the US was exploring the possibility of acquiring equity in key South Korean semiconductor companies. This news sparked concerns about potential foreign influence in crucial industries, especially regarding any US government stake.
During the briefing, Kang emphasized that South Korea’s government has not received any official communication from the US about such intentions. She reaffirmed that the bilateral relationship remains strong, with ongoing cooperation in many sectors, including technology and trade.
South Korea’s semiconductor industry serves as a vital part of its economy, with companies such as Samsung Electronics and SK hynix leading worldwide. Any foreign government attempts to acquire stakes in these firms, such as a US government stake, would face close scrutiny, considering national security and economic sovereignty.
While the US has shown significant interest in boosting its semiconductor capabilities through policies like the CHIPS Act, there is no evidence it plans to take ownership in foreign companies. The South Korean government remains vigilant about protecting strategic industries and ensuring foreign investments align with national interests.
In summary, the presidential office’s denial highlights South Korea’s dedication to safeguarding its economic assets and maintaining transparent international relations. The government continues to monitor developments in the semiconductor sector and will take appropriate measures to protect its interests.
