Top Stories
South Korea’s Yoon arrives in Netherlands, will visit ASML
Global Banking & Finance Review®
Company
AMSTERDAM (Reuters) – South Korean President Yoon Suk Yeol laid a wreath at the Netherlands’ national monument in Amsterdam on Tuesday at the start of a two-day visit during which he will also tour the headquarters of tech powerhouse ASML.
AMSTERDAM (Reuters) – South Korean President Yoon Suk Yeol laid a wreath at the Netherlands’ national monument in Amsterdam on Tuesday at the start of a two-day visit during which he will also tour the headquarters of tech powerhouse ASML.
Yoon’s state visit, in which he is meeting Dutch King Willem-Alexander and outgoing Prime Minister Mark Rutte, is the first by a South Korean president since the countries established diplomatic ties in 1961.
Yoon is accompanied by a delegation from his country’s major computer chip makers Samsung and SK Hynix. Both are major customers of ASML, and South Korea is ASML’s second largest market by sales after Taiwan.
South Korea and the Netherlands signed a strategic partnership treaty in Seoul in 2022, recognising their common interests as “mid sized” trading nations committed to the international rule of law.
The agreement specified the countries would look for ways to coordinate between government and the private sectors “and to jointly protect and promote critical and emerging technologies including in the area of semiconductors”.
(Reporting by Toby Sterling; Editing by Kirsten Donovan)
ASML is a Dutch company and currently the largest supplier in the world of photolithography systems for the semiconductor industry, essential for manufacturing integrated circuits.
A state visit is an official visit by a head of state to another country, typically involving meetings with the host country's leaders and various ceremonial activities.
A wreath-laying ceremony is a ceremonial act of placing a wreath, often made of flowers, on a memorial or grave to honor and remember those who have died.
Explore more articles in the Top Stories category
