Amid a global chip shortage, South Korea and the U.S. will set up a hotline to discuss cooperation for a stable supply of semiconductors.
The two countries have also raised the level of an existing dialogue channel for industrial cooperation.
Director General for Materials and Components Industries at South Korea's trade ministry, Choi Woo-seok on Monday discussed such cooperation with Monica Gorman, Deputy Assistant Secretary for Manufacturing at the U.S. Department of Commerce.
However, Seoul's trade ministry said that South Korea has fully explained to the U.S. that Korean industries have concerns over Washington's request for semiconductor supply chain data, adding that the two plan to discuss the issue further.
The dialogue channel comes as part of efforts to deepen the South Korea-U.S. partnership established at the Moon-Biden summit in May.