Economic network

South Korea, US to discuss “trusted” 5G network in upcoming dialogue (diplomat from Washington)

South Korea and the United States plan to discuss cooperation on “trusted” 5G networks, global supply chains and other key issues in their upcoming economic talks, a senior US diplomat said Thursday, in a context of intensifying US-Chinese rivalry.

Jose W. Fernandez, Under Secretary of State for Economic Growth, Energy and the Environment, said he plans to speak about a number of “positive” economic issues at the Sixth Dialogue Senior Economic (SED) expected Friday, noting cooperation in 5G. network will be one of the key issues.

His remarks came as US President Joe Biden rallied his allies and partners against authoritarianism at last week’s democracy summit, with his top diplomat, Antony Blinken, berating China for its “aggressive” actions at the time. of a shift in Southeast Asia this week.

“There is a desire for trusted networks, and there is a desire to expand 5G connectivity,” Fernandez told Yonhap News Agency on the sidelines of a bilateral economic forum held in Seoul. .

“We are also discussing with several countries interested in establishing 5G networks. And so that will be part of our discussions. I think there are opportunities for Korean companies,” he added.

Fifth-generation telecommunications technology is a key battleground for China-U.S. Competition, as Washington remains concerned about potential security risks from what it calls untrustworthy vendors, including economic espionage.

Seoul and Washington have explored ways to expand their networking cooperation after Presidents Moon Jae-in and Biden agreed to work together to develop open and transparent 5G and 6G network architectures at their Washington summit. in May.

Fernandez said the next SED will feature in-depth discussions on supply chain resilience, digital economy, 5G network security as well as collaboration in infrastructure, energy, healthcare. and science and technology.

When asked if he would discuss ways to counter economic coercion in the Indo-Pacific region, Fernandez said “this is something that concerns us,” but noted that it was “not the one of the angles “of the next economic negotiations.

During his visit, the US diplomat plans to meet with Yoon Tae-sik, Deputy Minister of Finance for International Affairs, and Park Jin-kyu, Deputy Minister of Industry and Trade, to discuss cooperation on infrastructure and supply chains for major industries, according to Seoul officials. .

He is also expected to meet with industry figures from leading semiconductor, battery, bio and construction companies to discuss ways to expand the business partnership between the two countries.

Among them are chipmaker Samsung Electronics Co. and battery maker LG Energy Solution Ltd, which have factories in the United States, according to informed sources. (Yonhap)