Asia-Pacific

South Korea must reduce its reliance on China for both semiconductor exports and raw materials by strengthening alliances with the United States and its partners, aligning with export controls, and building a more secure, diversified supply chain to safeguard its long-term competitiveness in the global chip race.

As senior South Korean and U.S. officials prepare to reconvene in Washington, the Korean government’s quiet decision to shelve the Platform Monopoly Act while fast-tracking the Online Platform Fairness Act sends a troubling signal. Though framed as a more balanced alternative, the Fairness Act potentially represents another form of non-tariff attack on U.S. tech firms, posing an even greater threat to innovation, legal certainty, and the broader U.S.–Korea economic relationship.

Korea’s highly educated workforce is increasingly stuck in low-quality jobs. This is not due to a lack of skill, but rather to government policies that penalize growth and fragment markets. Korea must embrace size neutrality, reforming regulations and incentives to support firms that innovate, scale, and compete globally.

Watch the high-level discussion presented by ITIF’s Center for Korean Innovation and Competitiveness featuring trade experts, regulatory analysts, and U.S.–Korea watchers from both sides of the Pacific.

South Korea’s export restrictions on mapping data act as a protectionist measure that unfairly limits competition from foreign firms. Korean policymakers should reform these rules not only to remove this non-tariff trade barrier but also to ensure that they do not hold back the use of geospatial data by emerging AI tools.

For Trump, it’s a new world and Korean President Lee Jae Myung and his administration needs to treat it as such by negotiating a new deal that preserves Korean market access to America in exchange for real concessions on what at the end of the day are relatively minor things for Korean economic competitiveness.

Although the Draft Guidelines provide guidance for stakeholders as to how the Act will be enforced, they do not adequately ensure that harms to mobile innovation and Japanese consumers will be minimized.

At the ITIF-KAIST Joint Forum, a distinguished group of experts confronted the turbulence stemming from the Trump administration’s strategic direction and explore critical questions surrounding technology sovereignty. The discussions also focused on practical pathways to strengthen bilateral cooperation between the US and the Republic of Korea (ROK).

In the Trump and China era, South Korea must move beyond export-led growth. Scaling up small firms and boosting productivity in services must be national imperatives.

Japan is facing a demographic crisis, with a population aging faster than any other in the world. 3D printing offers a solution, enabling Japan to modernize its aging infrastructure and build new developments despite its shrinking labor force.