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The US company urged South Korean President Moon Jae-in to release Samsung’s chairman Lee Jae-yong on the grounds that the billionaire executive could boost Joe Biden’s efforts to get rid of the US’s dependence on foreign-produced computer chips.
Samsung is weighing Billions of dollars in investment The Seoul-based group considers a semiconductor facility in the U.S. In Austin, The company already owns a chip manufacturing plant, as well as Phoenix and New York.
After the economic devastation caused by the coronavirus pandemic, the U.S. government and businesses are desperately trying Localized supply chain Applicable to key technologies including semiconductors.
One of Biden’s early actions during his presidency Announced a $5 billion plan Promote the US semiconductor industry. However, since the United States regained its self-sufficiency in computer chips, people’s attention has been increasing. Global shortage Chips in automotive chips have also begun to impact other industries.
The American Chamber of Commerce in South Korea warned, but if Samsung, The world’s largest chip manufacturerA letter seen by the British “Financial Times” showed that Kobe did not participate more fully in supporting Biden’s efforts.
James Kim, chief executive of the Chamber of Commerce, told the Financial Times: “We believe that forgiving Samsung’s most important executives is in the best economic interests of the United States and South Korea.”
The call coincided with Moon’s trip to Washington for a summit with Biden, and the two were scheduled to meet on Friday.
Li is 18 months service Bribery in jail Park Geun HyeProsecutors and critics said that the former president was a plan to ensure his control of South Korea’s largest company, Samsung Group.South Korea’s richest man face Further charge Allegedly related to his inheritance.
Although the 52-year-old still controls Samsung in a cell in the southern suburbs of Seoul, Strict hierarchical nature Critics say that the existence of family-controlled businesses means that some trading capabilities are restricted.
Presidential pardons for convicted companies and political leaders have always been Common feature Korean politics.For decades, many people’s heads Treasure Families, powerful business elites, avoid imprisonment or reduction of sentences due to pardons. In 2015, Chey Tae-won, head of SK Group, the third largest company in South Korea Forgiven by the park.
But the issue of pardons is profound Split koreans.Before becoming President of Moon Vowed to end the practice.
It is his two immediate predecessors, Parker and Li Mingbo, Also went to jail for bribery and corruption. Their supporters also seek forgiveness.
Chief Executive Kim Jong-il said that the American Chamber of Commerce in Korea, which has about 800 member companies, is “apolitical” and has sought Lee’s early release with many Korean business groups.
In addition to economic cooperation, Moon and Biden are expected to discuss North Korean nuclear weapons, Sanctions, coronavirus vaccines, and regional security in response to China’s threats.
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