The summary of the conversation is as follows:
The conversation discusses the current economic crisis in Korea due to a significant decrease in semiconductor exports to China. This has led to a trade deficit of about 30 billion dollars and 40 trillion won. The situation has been exacerbated by the worsening semiconductor economy and falling unit prices. The main cause of the trade deficit is China, which has been a reliable trading partner for Korea for over 30 years. However, the semiconductor industry, which is a major part of Korea's economy, has been negatively affected by the ongoing trade war between the United States and China.
The United States has imposed restrictions on the export of semiconductor manufacturing equipment to China, which has affected not only Chinese companies but also Korean companies like Samsung Electronics and SK Hynix. This has led to a crisis in the Korean semiconductor industry, with large-scale production bases in China facing difficulties.
The conversation also discusses the potential impact of these events on Korea's foreign policy and its relations with the United States and China. It highlights the need for Korea to maintain a balance between its allies, the United States and China, and to avoid becoming hostile to either side. The conversation ends with a warning that the current situation could have major implications for the global economy and the landscape of the semiconductor industry.
1. China's demand for semiconductors has decreased [Document 1].
2. Korea's semiconductor exports have plummeted and it continues to be in deficit [Document 1].
3. The trade balance has been in deficit for 14 consecutive months [Document 1].
4. The accumulated trade deficit is about to reach 30 billion dollars and 40 trillion won [Document 1].
5. China has become the biggest cause of the trade deficit [Document 1].
6. China-Korea diplomatic relations were established in 1992 [Document 1].
7. China is the number one country with a trade deficit rather than a trade surplus [Document 1].
8. The outlook for semiconductor exports is bleak [Document 1].
9. Semiconductors are decreasing due to the poor Chinese economy and the global tool network [Document 1].
10. The semiconductor industry is reeling with over 5,700 semiconductor companies closing down last year [Document 2].
11. China has invested a significant amount of money in the semiconductor industry [Document 2].
12. China has already taken first place in six key technological fields, including mobile communication, quantum computing, biotechnology, and eco-friendly energy [Document 3].
13. The United States has set strict conditions for semiconductor companies that receive subsidies from the U.S. government [Document 4].
14. Production facilities of the factory built in China cannot be increased by more than 5% over 10 years [Document 4].
15. Samsung Electronics' semiconductor division had a deficit of 4.5 trillion won in the first quarter alone [Document 4].
16. China's reaction to the US-China conflict may affect Korean companies doing business in China [Document 4].
17. Japan is inviting cutting-edge semiconductor companies into its home [Document 4].
18. The United States' China strategy has been specified in each field depending on whether it must be kept in check [Document 4].
19. The channel for high-level dialogue between the United States and China has been opened [Document 4].
20. The United States is promoting diplomacy between Korea and China [Document 4].