As an ally of the United States, South Korea is affected by US foreign policy and must comply with the desired outcomes. South Korean chipmakers are, therefore, stepping up their lobbying efforts in Washington to help ease tensions between America and China. The aim for them is to be able to obtain export licenses to supply Chinese firms. From California News Times. Here is an excerpt:
South Korean chipmakers are stepping up their lobbying presence in Washington to overcome tensions between the United States and China and obtain significant export licenses to supply Chinese companies subject to trade sanctions.
Samsung, Hyundai, SK Group, and LG, the country’s four largest conglomerates, are leading the effort as they succumb to pressure from Washington to produce strategically sensitive products such as semiconductors and batteries for electric vehicles. increase. In the United States..
LG is the battery manufacturing unit LG Energy Solution Get involved In a multi-billion dollar legal dispute with domestic rival SK Innovation, which could disrupt Ford’s electric vehicle program in the United States. The company also went to General Motors Recalling expensive electric cars Battery defect.
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