Subscribe to Newsletter to get latest insights & analysis in your inbox. SEOUL: South Korea's trade minister said on Saturday that a U.S. proclamation ‍imposing a 25% tariff on certain advanced computing chips would have a limited impact on South ⁠Korean companies. "Since the ‌memory chips that ‌South Korean companies mainly export are currently excluded, the immediate impact is expected to be limited. Commerce Secretary ‍Howard Lutnick said on Friday that South Korean chipmakers and Taiwanese companies that are not investing in the U.S. may face up ‍to 100% tariffs ⁠unless they commit to ⁠increased production on American soil, Bloomberg reported. The action is part of a broader effort to create incentives for chipmakers to produce more semiconductors in the U.S. and decrease reliance on chip manufacturers in places like Taiwan.

Source: Economic Times January 17, 2026 16:32 UTC