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News Wire / economy

South Korea Semiconductor Shipments Jump 48 Percent

CNA938 Singapore Seoul 12d12d Impact 5

Australia and South Korea have released a statement promising pre-emptive action to secure resilience in energy supplies. The agreement reached in Seoul focuses on ensuring safe and reliable supplies of diesel and liquefied natural gas. Australian Foreign Minister Penny Wong noted the move addresses existing vulnerabilities in energy security. Canberra is dispatching a high-level government delegation to Japan and China as part of this initiative. The agreement aims to address broader energy security concerns. The announcement followed a visit to Japan, the Republic of Korea, and China by Australian Foreign Affairs Minister Penny Wong. The statement was released in response to the impact of the war in Iran. Both nations agreed to cooperate on supply stability and commit to mutual notification and consultation in the event of potential supply disruptions.

Australia and South Korea have released a statement promising pre-emptive action to secure resilience in energy supplies. The agreement reached in Seoul focuses on ensuring safe and reliable supplies of diesel and liquefied natural gas. Australian Foreign Minister Penny Wong noted the move addresses existing vulnerabilities in energy security. Canberra is dispatching a high-level government delegation to Japan and China as part of this initiative. The agreement aims to address broader energy security concerns. The announcement followed a visit to Japan, the Republic of Korea, and China by Australian Foreign Affairs Minister Penny Wong. The statement was released in response to the impact of the war in Iran. Both nations agreed to cooperate on supply stability and commit to mutual notification and consultation in the event of potential supply disruptions. Robust demand for semiconductors continues to anchor the country's export growth despite mounting risks. The figures were released on Friday morning.

Topics

energy security diesel liquefied natural gas diplomacy

Developing

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Sources · 7 independent

CNA938 Singapore

“Australia and South Korea are releasing a statement promising pre-emptive action to secure resilience in energy supplies. The agreement in Seoul focused on safe and reliable supplies, including on diesel and liquefied natural gas.”

CNA938 Singapore

“The agreement in Seoul focused on safe and reliable supplies, including on diesel and liquefied natural gas. Canberra dispatching a top government on a trip that has also taken to Japan and China.”

CNA938 Singapore

“reliable supplies, including on diesel and liquefied natural gas. Penny Wong emphasises”

CNA938 Singapore

“reliable supplies, including on diesel and liquefied natural gas. Penny Wong emphasises The Seoul and Canberra also pledged to speed up the transition to non-fossil fuel energy systems.”

ABC NewsRadio AU

“it was in South Korea overnight that we received a joint statement from both nations, Australia and South Korea, reaffirming a commitment to energy security.”

YTN Radio

“한국과 호주가 이란 전쟁 여파로 구성된 에너지 장관명의로 발표했습니다. 성명에는 한국과 호주는 경유와 기타 액체 연료, LNG 및 콘덴세이트를 포함한 에너지 자원의 안정적 공급 유지를 위한 노력 등에 협력하겠다는 의지가 명시됐습니다.”

CNA938 Singapore

“South Korea's export engine continues to show resilience with robust semiconductor demand continuing to anchor growth in April. Now figures out this morning show that shipments jumped 48% on year last month.”

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