ROK: President Yoon- South Korea And US Are Ideal Partners For Friendshoring

Comments from South Korea President Yoon Suk-yeul hitting wires ahead of his state visit with President Biden stating that, "US and South Korea are ideal partners for 'friend-shoring' of supply chains."

• Yoon said the Republic of Korea and the US security alliance "should evolve into supply chain and future-oriented innovative technology alliance."
• Yoon continued: "South-Korea-US alliance must leap into a new phase to overcome complex crises together [and] South Korea will strengthen institutions and policies as befits its global status."
• White House National Security Advisor Jake Sullivan told reporters yesterday that: "President Biden and President Yoon will announce major deliverables on extended deterrence on cyber cooperation, climate mitigation, other issues."
• Sullivan highlighted Seoul's increasingly prominent position within international organisations and praised South Korea's uptick of investment in the US: "During the Biden administration alone, just in the last 2+ years, the Republic of Korea has invested over USD$100 billion in the United States."
• Biden and Yoon will visit the Korean War Memorial this evening ahead of discussions tomorrow on the nuclear threat from North Korea, Taiwan, China, and semiconductors.