A memorandum of understanding has been signed by the Korea Semiconductor Industry Association and the Advanced Technology Investment Company, which will promote cooperation between the two organisations in several areas, reports iStock Analyst.
Among the potential collaborative actions that look set to take place are personnel exchanges and joint research and development projects.
The news provider quoted the Korean government as saying: "With the nuclear power plant deal last year and the planned boost in cooperation in the two sectors, the mood for more bilateral economic cooperation is ripening."
As well as the deal linking semiconductor production, state officials also revealed that an agreement is in place for a similar connection with the two nation's shipbuilding industries.
Last week, Rick Whittington wrote on Forbes that many semiconductor companies will be pleased with the recent Consumer Electronics Show, since so many products require electronic chips.
