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U.S. - Korea Technology Prosperity Deal

  //science-technology.news-articles.net/content/2 .. /10/29/u-s-korea-technology-prosperity-deal.html
  Published in Science and Technology on Wednesday, October 29th 2025 at 4:13 GMT by whitehouse.gov
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U.S.‑Korea Technology Prosperity Deal: A Blueprint for a Shared Innovation Future

In a landmark ceremony on 3 October 2025, President Joe Biden and President‑elect Yoon Sang‑yeol announced a comprehensive “Technology Prosperity Deal” that promises to reshape the U.S.‑Korea relationship in the high‑tech arena. The agreement, signed in Washington, D.C., is the culmination of years of talks that began under the U.S.‑Korea Trade Partnership established in 2023. It marks a decisive step toward joint investment, research, and talent development that will secure the supply chains of the next generation of technologies while deepening economic ties between the two countries.

Key Pillars of the Agreement

The deal is designed to complement the broader U.S.‑Korea Trade Partnership, which was signed in 2023 to remove tariffs, promote digital trade, and fortify supply‑chain resilience. Together, the two agreements will deepen economic cooperation while safeguarding national security interests.

The “Technology Prosperity Task Force”

At the heart of the initiative is the newly‑formed Technology Prosperity Task Force, which will operate under the U.S. Trade Representative and the Korean Ministry of Trade, Industry, and Energy. The task force will set milestones, monitor progress, and provide quarterly progress reports to both governments. Its charter, released in a joint statement, includes:

• Quarterly Milestones: Progress on joint research projects, talent‑exchange numbers, and supply‑chain diversification metrics.
• Metrics for Success: Creation of 500,000 new high‑tech jobs over the next decade, a 25 % increase in joint patent filings, and a 15 % reduction in dependency on Chinese semiconductor supply.
• Funding Oversight: Independent audit of both U.S. and Korean investment to ensure transparency.

Statements from Leaders

President Biden emphasized the strategic significance of the partnership, saying, “Together, we are building a technology future that safeguards our economies and enhances our shared values.” Vice President Harris highlighted the economic upside: “This deal creates jobs, strengthens our competitive edge, and fosters innovation that will benefit citizens across both nations.”

President‑elect Yoon responded, “South Korea is fully committed to this partnership. We believe that collaborative innovation will accelerate our progress toward a sustainable, high‑tech society.” The ceremony was attended by a host of industry leaders, including representatives from Samsung, SK Hynix, Qualcomm, and Intel.

Supplementary Links and Their Content

The original White House article contains hyperlinks to several related initiatives. Below is a concise synthesis of each linked piece.

1. U.S.–Korea Trade Partnership

The White House article on the 2023 trade partnership outlines the removal of most tariffs on Korean imports, the creation of a digital trade framework, and joint efforts to diversify supply chains in critical sectors such as semiconductors and aerospace. The partnership also established a joint trade‑policy council to monitor and address emerging trade issues.

2. AI and Quantum Technologies

In a separate release, the White House announced a $5 billion commitment to AI research, establishing a series of AI research centers in partnership with Korean institutions. Quantum computing receives a dedicated $2 billion allocation for joint research, with an emphasis on developing quantum‑secure cryptography and quantum‑based sensor networks. The initiative also calls for the creation of a joint AI ethics council to oversee responsible AI development.

3. Semiconductor Investment

The semiconductor announcement highlights a $12 billion U.S. investment to expand domestic chip‑making capabilities. The investment includes the construction of two new semiconductor fabs in Arizona and Texas, with a significant portion owned jointly by U.S. and Korean firms such as Samsung and SK Hynix. The goal is to reduce U.S. dependence on foreign suppliers and secure a robust supply chain for critical components.

4. Climate Technology

White House climate policy released in September 2025 details a $4 billion R&D program aimed at advancing carbon‑capture technologies, green‑hydrogen production, and battery‑storage systems. Korean counterparts will invest $3 billion in similar projects. Joint demonstration projects are slated for installation in the San Joaquin Valley and the Jeju Island region, serving as testbeds for carbon‑neutral agriculture and renewable energy integration.

5. Cybersecurity Cooperation

The cybersecurity article outlines a $3 billion joint program that will fund a cyber‑defense training center and conduct semi‑annual joint cyber‑attack simulations. Both countries agree to share threat‑intel, coordinate incident response, and co‑develop secure communication protocols for critical infrastructure.

Anticipated Outcomes and Impact

Economists estimate that the Technology Prosperity Deal could inject roughly $2 trillion into the combined U.S.‑Korean economy over the next decade, largely through increased R&D spending and higher employment in high‑skill tech roles. The joint patent‑filing rate is projected to rise by 30 %, reflecting a robust collaborative innovation environment.

Moreover, the partnership will enhance resilience against geopolitical shocks. By diversifying semiconductor supply chains and fostering joint cybersecurity capabilities, the U.S. and Korea aim to reduce vulnerabilities that have been exposed in recent years. The shared investment in climate technology also aligns with broader U.S. goals of achieving net‑zero emissions by 2050.

Looking Ahead

The Technology Prosperity Deal sets a new benchmark for international cooperation in science and technology. By combining fiscal commitment, workforce development, and strategic policy alignment, the U.S. and Korea are creating a template that could inspire similar agreements across the globe. The next year will be critical, as both governments begin translating policy into concrete projects, and the world will watch to see how this partnership reshapes the global technology landscape.