Korea–Netherlands Chip, Quantum Ties Lift Industry Outlook

• South Korea, Netherlands deepen tech cooperation
• Deal targets semiconductors, quantum sectors
• Partnership aims to boost global competitiveness

In a recently published report from Kyodo, it has been confirmed that South Korea and the Netherlands will work together to improve cooperation on advanced technologies such as semiconductor manufacturing and quantum technology through a renewed agreement due to current changes to the world economy affecting international supply chains.

The agreement was officially signed at the joint innovation committee's biannual meeting and marks an important step in enhancing cooperation between both nations in advanced technology sectors.

According to South Korea's Ministry of Trade, Industry and Resources, the increased level of cooperation will not only provide opportunities for increased industrial competitiveness in both countries, but also will develop mutual capabilities and foster innovation in the global arena as a result of an increasingly competitive international technology marketplace. Due to the complementary strengths of each country's technology sector, the partnership will focus on creating innovative business models for strengthening the resiliency of the technology supply chain.

 “South Korea and the Netherlands have continued to expand their cooperation for industrial technology development over the past 10 years, and we hope the latest joint innovation committee meeting becomes the starting point of another decade of cooperation,” Choi Yeon-woo, a ministry official in charge of industrial technology, said in a press release.

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South Korea and the Netherlands have maintained close ties in the semiconductor industry, with the Netherlands playing a key role in global chip equipment manufacturing, while South Korea is home to major chip producers. The collaboration is also expected to extend to emerging fields such as quantum technology, which is gaining strategic importance worldwide.

Since 2016, the two countries have carried out more than 40 joint research and development projects, reflecting a steady expansion of bilateral technology cooperation. Officials view the latest agreement as a step toward further deepening long-term partnerships in advanced industries.