South Korea to negotiate with the US for favourable chip tariff terms, official says

SEOUL, Jan 18 (Reuters) - South Korea will seek favourable terms ​for U.S. tariffs on ‌imports of memory chips, a presidential office ‌spokesperson said at a televised briefing on Sunday.

The country last year released a joint fact ⁠sheet on ‌its trade deal with the U.S. that included terms ‍ensuring South Korea will not receive unfavourable treatment from U.S. tariffs ​on imported chips compared to ‌key competitors, the official said, when asked about the Trump administration's proclamation imposing tariffs on artificial intelligence chips.

On Saturday, South Korea's ⁠trade minister said ​U.S. tariffs on ​some advanced computing chips would have a limited impact ‍on South ⁠Korean companies.

South Korea's Samsung Electronics and SK Hynix are among ⁠the world's biggest memory chip producers.

(Reporting ‌by Heejin Kim; Editing ‌by Jamie Freed)