Seoul: The South Korean government has pledged to actively respond to the United States' planned restrictions on investments in key technology sectors in China. The finance ministry announced that while the impact on South Korea's economy is expected to be limited, they will closely assess the situation and prepare strategies if needed. According to Yonhap News Agency, the U.S. Treasury Department released final rules on Monday (U.S. time) to restrict U.S. investments in sectors such as artificial intelligence, semiconductors, and other advanced technologies in China. These measures, which are intended to address national security risks, will take effect on January 2, 2025. The finance ministry stated that it will maintain communication with domestic experts and businesses to analyze the potential impacts and develop appropriate responses. The new rules apply to U.S. persons or entities, and China, including the special administrative regions of Hong Kong and Macao, has been identified by the U.S. governmen t as "a country of concern" under these measures.
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