Korea vows active response to US investment curbs on China

Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken Feb.

17, 2023. Reuters-Yonhap The United States' planned restriction of investment in key technology sectors in China is expected to have a limited impact on the Korean economy, but Seoul will closely analyze the measure and devise responses if necessary, the finance ministry said Tuesday. On Monday (U.



S. time), the U.S.

Treasury Department issued final rules to curb U.S. investments in artificial intelligence, semiconductors and other advanced technology sectors in China, effective Jan.

2, 2025, citing national security risks. US finalizes rules to curb AI investments in China, impose other restrictions 2024-10-29 10:01 | World "Given the details of the new rules, their direct impact on our economy is projected to be limited. But the government will maintain close communications with experts and businesses at home, analyze potential impacts thoroughly and actively seek responses," the finance ministry said in a release.

U.S. persons or entities are subject to the new rules, and the U.

S. identifies China, along with the special administrative regions of Hong Kong and Macao, as "a country of concern" subject to the measure, according to the U.S.

government. (Yonhap).