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Yoon-Biden summit, toward Korea becoming global pivotal state

15 0 15
24.05.2022
By Song Kyung-jin

The Yoon-Biden summit, May 21, was a success as in the case of most summit meetings. As written in the two leaders' joint statement, it marked the earliest summit meeting in a Korean President's term in office with the U.S. President. Reemphasizing the bilateral alliance as the linchpin for peace and prosperity in the region, the two leaders agreed to upgrade it to a "global comprehensive strategic alliance." The global comprehensive strategic alliance is aimed at upholding the critical importance of values (democracy), prosperity (economy), and technology-based alliance in the rules-based international order.

The two Presidents agreed on launching bilateral economic and security dialogue headed by respective national security councils. It is with a view to aligning the bureaucratic and policy approaches to supply chain resilience and enhancing the bilateral partnership and research and development on critical and emerging technologies. Such critical technologies include semiconductors, EV batteries, artificial intelligence, quantum technology, biotechnology, aerospace, etc.

As part of the bilateral technology initiative, I would like to propose for the two governments to consider creating a Korea-U.S. Joint Research and Development Fund worth $1 billion at the minimum to collaborate on research and development (R&D) of critical technologies........

© The Korea Times


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