Korean Semiconductor industry is affected by China-US trade war

Exchange specialists talk about the U.S. – China authoritative competition and South Korean endeavors’ countermeasures at a course in Seoul on Sept. 9.

The steel and semiconductor businesses of South Korea will endure an immediate shot if the exchange war between the United States and China transforms into a worldwide tax war, specialists said at a workshop sorted out by the Federation of Korean Industries on Sept. 9.

The specialists said the progressing exchange war between the United States and China is probably going to precede until in any event the 2020 U.S. presidential decision. So they approached South Korean organizations to manage the circumstance with a long haul point of view.

“The U.S. – China exchange war and their authoritative contention, which will go on paying little heed to the consequence of the decision, are adding to vulnerabilities in the worldwide money related and outside trade showcases just as worldwide exchange conditions,” said previous exchange minister Park Tae-ho, including, “South Korean endeavors’ reaction is significant in that a genuine monetary emergency may emerge from not the budgetary but rather the exchange area.”

Wang Yoon-jong, administrator of the Korean Association of Contemporary Chinese Studies, commented that the exchange war won’t die down inside this year in light of the fact that the United States is calling for China to satisfy their consent to the point of changing its household law, China is viewing that point as impedance in residential undertakings, and U.S. President Donald Trump will never make a concession in front of the decision.

“The steel business has been liable to protectionism since even before the main day of the exchange war, which means the business is particularly helpless against the exchange war,” said POSCO Research Institute overseeing executive Lee Yoon-hee, including, “In the business, the proportion of export is as high as 40 percent to 45 percent, and Section 232 of the Trade Expansion Act of 1962 and the exchange war together will impede any recuperation in exports to the United States for as long as 10 years.”

“With the Chinese government quickening its interest in the semiconductor area, the prolongation of the exchange war can unfavorably influence Samsung Electronics’ NAND streak memory plant in Xi’an, SK Hynix’s DRAM fabricating offices in Wuxi,” the director called attention to, encouraging the organizations to further fortify their unions with non-Chinese players.

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Shreyas Tanna

Shreyas Tanna

The winner of the title Mr. Pune 2009, Mr. Shreyas Tanna is currently the young, dashing, and dynamic CEO of a market research company called ResearchNReports in Pune. Fondly known as RNR, the company specializes in market research as well as industry analysis, and is closely associated with its parent company Absolute Market Insights (AMI). Mr. Shreyas Tanna began his corporate journey as the Head of Corporate sales & PR at RED Entertainment while pursuing his degree for MMS (Marketing) from the MGM College of Management, Mumbai. After accomplishing the tedious task of balancing his work and education, he further polished his skills in Corporate Sales, Public Relations, Channel Development, Global Client Engagement, Strategic Consulting, and Brand Development by working with HDFC Life and Researchmoz Global Pvt. Ltd. His dedication towards his work has even won him accolades such as the National Level Performer 2013 – HDFC Life and Mr. Research Moz 2015. A disciplined individual with a loving heart, he is often seen taking crisp walks with an engrossed look and a gentle smile within the premises of his company to interact with the various departments. And he will be usually followed by an adorable trail of his beloved trio of Shih Tzu babies proudly known as Gucci, Drake, and Paris. The most enticing thing that you will notice about this content and proud pet parent is his infectious positivity and the firm belief in his eyes, a reflection of his favorite quote, “LIFE IS BEAUTIFUL!”