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“The vital part of how we’ll do this in my opinion is by working with shut companions that do share our values, just like the Republic of Korea.”
Biden mentioned the long run could be written within the Indo-Pacific and now was the time for the USA and like-minded companions to spend money on one another.
The 2 leaders toured the plant, which the White Home referred to as a mannequin for a brand new $17 billion manufacturing unit that Samsung plans to construct in Taylor, Texas.
“With at this time’s go to, I hope that Korea-U.S. relations can be reborn as an financial and safety alliance based mostly on high-tech and provide chain cooperation,” Yoon mentioned.
He additionally urged Biden to supply incentives for South Korean and U.S. companies to spend money on one another’s nations.
Samsung Electronics Vice Chairman Jay Y. Lee was excused from attending an accounting fraud trial listening to on Friday to be able to host the U.S. president’s tour.
Countering China’s presence within the area is a key Biden theme on the journey, however South Korea is more likely to strike a cautious tone in public on the subject given Beijing is Seoul’s prime buying and selling companion.
South Korea is predicted to be among the many inaugural members of Biden’s Indo-Pacific Financial Framework (IPEF), which can be introduced through the journey to set requirements on labor, the setting and provide chains.
Requested about Beijing’s opposition to the IPEF, Yoon instructed reporters earlier on Friday that becoming a member of the framework doesn’t need to battle with South Korea’s financial ties with China.
“There is no such thing as a must see it as a zero-sum,” he mentioned.
Hyundai Motor Co has been engaged on plans to construct a brand new electric-vehicle manufacturing plant in the USA, and an announcement may coincide with Biden’s go to.
Tackling North Korea
Police in Seoul mentioned on Friday {that a} member of Biden’s advance safety group had been arrested, accused of drunkenly assaulting a South Korean citizen exterior the lodge the place the U.S. president was anticipated to remain, however the incident didn’t seem to disrupt the go to.
As Biden’s conferences proceed on Saturday, the weighty problem of North Korea is predicted to prime the agenda. Chief Kim Jong Un deserted a freeze on intercontinental ballistic missile testing and seems poised to renew testing of nuclear bombs, maybe whereas Biden is within the area.
U.S. cooperation with South Korea and Japan “will solely strengthen within the face of additional provocations” by North Korea, Biden’s nationwide safety adviser Jake Sullivan instructed reporters en path to South Korea when requested about the potential of a weapons take a look at.
“We’re ready for these eventualities,” Sullivan mentioned. The US has instructed allies and China that such a provocation through the U.S. go to would “trigger changes to the way in which that our navy is postured within the area,” he mentioned.
Yoon has signaled he’ll take a more durable line on Pyongyang than his predecessor and is predicted to ask for Biden’s assist. Yoon has warned of a preemptive strike if there’s a signal of an imminent assault and vowed to strengthen the South’s deterrent functionality.
North Korea has reported on a Covid outbreak up to now week, however it has ignored calls to return to diplomacy.
Washington has mentioned it’s open to direct talks at any time with Kim, however it has not publicly supplied new concepts about the way to coax the nation’s management into dialog. Biden has additionally determined to not go to the closely fortified demilitarized zone separating the South from North Korea.
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