SEJONG, A senior South Korean antitrust official met with his Chinese counterpart on Tuesday to discuss how to boost cooperation between the neighbors, a source said.
Ji Chul-ho, vice chairman of the Fair Trade Commission (FTC), held talks with Gan Lin, the vice minister of the State Administration for Market Regulation, on the sidelines of the China competition policy forum in China’s Hainan Province, according to the official at the FTC.
The FTC official did not give any further details.
The meeting came more than a week after Chinese Vice Premier Hu Chunhua said that Beijing will handle its antitrust probe into Samsung Electronics Co. and SK hynix Inc. according to fair procedures and in line with its laws.
Hu made the comments in a previous meeting with South Korean finance minister Hong Nam-ki in Beijing.
Semiconductors are a key export product in South Korea, home to Samsung Electronics, the world’s largest memory chip maker, and its smaller rival, SK hynix.
The market shares of Samsung Electronics and SK hynix in dynamic random-access memory (DRAM) chips came to 35 percent and 30 percent in China in 2018, respectively.
Source: Yonhap news Agency