One of the key topics of discussion at the South Korea-U.S. summit in Washington this Friday will be a vaccine partnership.
President Moon Jae-in has vowed to use his talks with President Joe Biden to boost cooperation with the U.S. and use it as an opportunity to develop South Korea as a global vaccine hub.
"I will use this visit to the U.S. as an opportunity to strengthen vaccine cooperation and [for South Korea] to move toward the goal of becoming a global hub for vaccine production."
Possible agreements include a vaccine swap which would mean Seoul receives surplus shots from Washington and gives the same amount back at a later date.
Another option is technology transfer by manufacturing vaccines in South Korea using original U.S. technology.
Another key topic that could be on the table is the global semiconductor shortage with Washington seeking cooperation from Seoul to address the matter.
In fact, a South Korean business entourage, which includes representatives from Samsung Group and SK Group, is expected to be accompany President Moon.
There's speculation that Samsung Electronics the world's biggest memory chip producer will unveil plans to build a new chip factory in the U.S during Moon's visit.
"Countries around the world have entered fierce competition by reorganizing supply chains around their own country. We need preemptive investments to strengthen the domestic industrial ecosystem and lead the global supply chain to make this opportunity ours."
Last but not least North Korea.
The summit comes as Washington completes its policy review on Pyeongyang.
Attention will be on whether the leaders can agree on measures to resume dialogue with North Korea during their first face-to-face sitdown and how specific their joint statement will be.
"We will more closely coordinate our policies toward North Korea to find ways to restore dialogue between the two Koreas and between Washington and Pyeongyang and step once again toward peaceful cooperation."
Depending on the achievements President Moon brings back from the summit with President Biden it could give him more leverage in state affairs during the final year of his term.
Kim Min-ji, Arirang News.