The Fort Worth Press - Biden opens SKorea trip at Samsung plant as NKorea nuclear fears mount

USD -
AED 3.672952
AFN 64.501385
ALL 80.969857
AMD 361.359465
ANG 1.789785
AOA 916.999657
ARS 1524.277903
AUD 1.432562
AWG 1.8
AZN 1.701831
BAM 1.74212
BBD 2.012426
BDT 123.598208
BGN 1.747831
BHD 0.377416
BIF 2995
BMD 1
BND 1.278237
BOB 11.675159
BRL 5.054017
BSD 0.999132
BTN 94.798398
BWP 13.69985
BYN 2.981094
BYR 19600
BZD 2.009486
CAD 1.409955
CDF 2313.50406
CHF 0.825905
CLF 0.024925
CLP 980.979915
CNY 6.691203
CNH 6.68241
COP 3170.81
CRC 453.826798
CUC 1
CUP 23.980333
CVE 98.217189
CZK 21.692033
DJF 177.720128
DKK 6.664175
DOP 61.451444
DZD 134.429026
EGP 53.906504
ERN 15
ETB 163.206182
EUR 0.89145
FJD 2.25945
FKP 0.750648
GBP 0.751375
GEL 2.590332
GGP 0.750648
GHS 11.676049
GIP 0.750648
GMD 73.495602
GNF 8844.094881
GTQ 7.639034
GYD 209.00734
HKD 7.848195
HNL 26.820882
HRK 6.717295
HTG 130.705681
HUF 323.356501
IDR 18050
ILS 3.103501
IMP 0.750648
INR 94.90505
IQD 1514.774979
IRR 1795877.484608
ISK 121.430134
JEP 0.750648
JMD 158.78431
JOD 0.70897
JPY 158.466032
KES 129.770054
KGS 87.45055
KHR 4068.089503
KMF 439.999779
KPW 899.999961
KRW 1331.670573
KWD 0.31091
KYD 0.83268
KZT 451.722955
LAK 22482.018394
LBP 89478.016105
LKR 331.122819
LRD 170.366279
LSL 16.42449
LTL 2.95274
LVL 0.60489
LYD 6.412478
MAD 9.77184
MDL 17.816041
MGA 4529.360679
MKD 54.914955
MMK 2099.513869
MNT 3596.411813
MOP 8.077478
MRU 40.003029
MUR 47.250098
MVR 15.460394
MWK 1732.62013
MXN 18.417275
MYR 4.082496
MZN 63.900883
NAD 16.424417
NGN 1330.470079
NIO 36.770142
NOK 9.41278
NPR 151.676406
NZD 1.765335
OMR 0.384494
PAB 0.999132
PEN 3.447023
PGK 4.544503
PHP 63.000503
PKR 276.59385
PLN 3.896601
PYG 5763.047022
QAR 3.642032
RON 4.748797
RSD 104.688796
RUB 82.751135
RWF 1476.78686
SAR 3.763551
SBD 8.064647
SCR 14.023436
SDG 601.499723
SEK 9.91338
SGD 1.28008
SHP 0.754745
SLE 24.680436
SLL 20969.504398
SOS 571.064633
SRD 37.699688
STD 20697.981008
STN 21.822878
SVC 8.742551
SYP 13001.999685
SZL 16.419114
THB 33.579773
TJS 9.202594
TMT 3.51
TND 2.982711
TOP 2.40776
TRY 49.551903
TTD 6.778453
TWD 32.481297
TZS 2649.967965
UAH 45.052265
UGX 4156.255985
UYU 40.119539
UZS 12034.649387
VES 878.910601
VND 25894.5
VUV 118.97233
WST 2.787823
XAF 584.753063
XAG 0.017428
XAU 0.000241084688
XCD 2.70255
XCG 1.80082
XDR 0.707052
XOF 584.753063
XPF 106.228901
YER 236.149687
ZAR 16.42086
ZMK 9001.204172
ZMW 19.959203
ZWL 321.999592
SSP 5750.775019
MXV 2.079123
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Biden opens SKorea trip at Samsung plant as NKorea nuclear fears mount
Biden opens SKorea trip at Samsung plant as NKorea nuclear fears mount / Photo: © AFP

Biden opens SKorea trip at Samsung plant as NKorea nuclear fears mount

President Joe Biden has arrived in South Korea on his first Asia trip as US leader, aiming to cement economic and security ties with regional allies despite growing fears of a North Korean nuclear test.

Text size:

His first stop on Friday was a massive Samsung semiconductor factory, where he received a warm welcome from South Korea's new President Yoon Suk-yeol, with global supply chain issues topping the agenda.

Biden, in his first remarks since arriving in South Korea at the start of a trip meant to demonstrate US resolve to lead in Asia, said the two countries' alliance was "a lynchpin of peace, stability and prosperity" in the world.

Speaking at the factory in Pyeongtaek alongside Yoon, Biden described the advanced semiconductors manufactured there as "a wonder of innovation" and crucial to the global economy.

The tiny, smart wafers "enable our modern lives" and are "the key to propelling us into the next era of humanity's technological development", he added.

Semiconductors -- the microchips essential to most modern devices from phones to cars and high-tech weapons -- are at the heart of a global supply chain slowdown that threatens to disrupt the world's post-Covid economic recovery.

South Korea and the United States need to work to "keep our supply chains resilient, reliable and secure", Biden said.

"Putin's brutal, unprovoked war in Ukraine has further spotlighted the need to secure our critical supply chain," he said.

The United States needs to ensure "our economic and our national security are not dependent on countries that don't share our values," he added.

Biden and Yoon are to hold talks and give a press conference in Seoul on Saturday before attending a state dinner.

- Don't forget to vote -

For the US leader, whose Democratic Party fears a possible trouncing in midterm elections in November, the issue is also an acute domestic political challenge, with Americans increasingly frustrated over rising prices and stuttering economic reopening.

Ahead of the speech, Biden toured the huge Samsung plant, taking in lengthy presentations from staff clad in hazmat suits on the equipment used to produce semiconductors.

After a briefing from a US representative from a California company working with Samsung, Biden quipped: "Don't forget to vote, Peter".

Samsung employs about 20,000 people within the United States and work is underway to build a new semiconductor plant in Texas, opening in 2024.

South Korea is a semiconductor powerhouse, supplying about 70 percent of chips globally, Yoon said in his speech, asking Biden to take a "special interest" in South Korean chip firms.

Biden's visit could help the two allies forge a new "economic and security alliance based on advanced technology and supply-chain cooperation", Yoon said.

Semiconductors are now "something akin to a strategic commodity", Vladimir Tikhonov, professor of Korean studies at the University of Oslo, told AFP.

China is trying to reduce reliance on US-influenced Dutch and Taiwanese suppliers, and the United States is trying to rebuild its domestic industry, he said.

Biden "needs Samsung's collaboration in this regard", he added.

- North Korea test? -

Biden wants the trip to boost a years-long US pivot to Asia, where rising Chinese commercial and military power is undercutting Washington's dominance -- but it risks being overshadowed by North Korea's nuclear ambitions.

"We remain concerned that the DPRK may attempt to undertake another provocation during the course of the president's visit to Northeast Asia or in the days following," State Department spokesman Ned Price said in Washington, referring to North Korea by its official acronym.

South Korean intelligence has warned that Pyongyang had recently completed preparations for a nuclear test, while Price said another possibility was a new launch of an intercontinental missile.

Security issues were not top of the agenda Friday, but the fact that Biden is visiting Seoul first on his Asia tour indicates that Washington is looking to refocus on the Korean Peninsula, former CIA analyst Soo Kim told AFP.

"Should Kim proceed with a test during Biden's visit, he will effectively be helping the two countries find greater justification to work together on the North Korea issue," she said.

Biden heads to Japan from South Korea on Sunday. He will also join a regional summit of the Quad -- a grouping of Australia, India, Japan and the United States -- while in Tokyo.

Even so, the whole point of Biden's Asia tour is China, Katharine Moon, a political science professor at Wellesley College, told AFP.

"It's an effort to strengthen economic and security relationships with the Asia-Pacific region and block China's growing influence," she said.

 

National Security Advisor Jake Sullivan said the aim of the trip is not to confront China, but to highlight that the West and its Asian partners will not be divided and weakened.

But China said Friday that the United States should "build an open and inclusive circle of friends in the Asia-Pacific, instead of assembling closed and exclusive small cliques."

J.Barnes--TFWP