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US President Biden touts South Korea’s role in securing global supply chain

Joe Biden’s first stop on his inaugural trip to Asia as US president on Friday was a massive Samsung Electronics semiconductor plant, underscoring a message of economic security with an eye on China and the war in Ukraine.

Biden landed at the US military’s Osan Air Base in Pyeongtaek, south of Seoul, and immediately drove to Samsung’s nearby factory, the largest semiconductor plant in the world. There he greeted South Korean President Yoon Suk-yeol, a relative newcomer to politics, for the first time in person.

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Advanced chips for functions such as mobile, 5G, high-performance computing and artificial intelligence, have become a focal point of competition with China and concerns over global supply chain disruptions caused by the pandemic.

Economic shockwaves from Russia’s war in Ukraine have further spotlighted the need to secure critical supply chains so that the US economy and national security are not dependent on countries “that don’t share our values,” Biden said in remarks at the plant.

“The critical component of how we’ll do that in my view is by working with close partners that do share our values, like the Republic of Korea.”

Biden said the future would be written in the Indo-Pacific and now was the time for the United States and like-minded partners to invest in each other.

The two leaders toured the plant, which the White House called a model for a new $17 billion factory that Samsung plans to build in Taylor, Texas.

“With today’s visit, I hope that Korea-US relations will be reborn as an economic and security alliance based on high-tech and supply chain cooperation,” Yoon said.

He also urged Biden to provide incentives for South Korean and US businesses to invest in each other’s countries.

Samsung Electronics Vice Chairman Jay Y. Lee was excused from attending an accounting fraud trial hearing on Friday in order to host the US president’s tour.

Countering China’s presence in the region is a key Biden theme on the trip, but South Korea is likely to strike a cautious tone in public on the topic given Beijing is Seoul’s top trading partner.

South Korea is expected to be among the inaugural members of Biden’s Indo-Pacific Economic Framework (IPEF), which will be announced during the trip to set standards on labor, the environment and supply chains.

Asked about Beijing’s opposition to the IPEF, Yoon told reporters earlier on Friday that joining the framework does not have to conflict with South Korea’s economic ties with China.

“There is no need to see it as a zero-sum,” he said.

Hyundai Motor Co has been working on plans to build a new electric-vehicle manufacturing plant in the United States, and an announcement could coincide with Biden’s visit.

Tackling North Korea

Police in Seoul said on Friday that a member of Biden’s advance security team had been arrested, accused of drunkenly assaulting a South Korean citizen outside the hotel where the US president was expected to stay, but the incident did not appear to disrupt the visit.

As Biden’s meetings continue on Saturday, the weighty issue of North Korea is expected to top the agenda. Leader Kim Jong Un abandoned a freeze on intercontinental ballistic missile testing and appears poised to resume testing of nuclear bombs, perhaps while Biden is in the region.

US cooperation with South Korea and Japan “will only strengthen in the face of further provocations” by North Korea, Biden’s national security adviser Jake Sullivan told reporters en route to South Korea when asked about the possibility of a weapons test.

“We are prepared for those eventualities,” Sullivan said. The United States has told allies and China that such a provocation during the US visit would “cause adjustments to the way that our military is postured in the region,” he said.

Yoon has signaled he will take a tougher line on Pyongyang than his predecessor and is expected to ask for Biden’s help. Yoon has warned of a preemptive strike if there is a sign of an imminent attack and vowed to strengthen the South’s deterrent capability.

North Korea has reported on a COVID-19 outbreak in the past week, but it has ignored calls to return to diplomacy.

Washington has said it is open to direct talks at any time with Kim, but it has not publicly offered new ideas about how to coax the country’s leadership into conversation. Biden has also decided not to visit the heavily fortified demilitarized zone separating the South from North Korea.

Read more:

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North Korea may greet US President Biden with ‘imminent’ missile test

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Crown Prince of Abu Dhabi meets with CEOs of leading Norwegian companies

H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has met with a group of CEOs from leading Norwegian companies, as part of their participation in the UAE-Norway Investment Forum, held alongside his official visit to the Kingdom of Norway.

During the meeting, H.H. Sheikh Khaled bin Mohamed bin Zayed underscored the UAE leadership’s commitment to strengthening economic cooperation with its international partners.

He highlighted that investment in innovation and knowledge is a cornerstone for achieving sustainable development, noting that enhancing collaboration with Norwegian companies across key sectors will open new avenues for mutual economic growth between the two countries.

The UAE-Norway Investment Forum, taking place in Oslo, aimed to highlight available investment opportunities and strengthen trade relations between the UAE and Norway, fostering shared interests and supporting innovation and knowledge-based economic visions.

-wam

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At the Indonesia International Book Fair 2024, TRENDS inaugurates 10th global office, releases four books

As part of its Asian research tour, partnership with Aletihad News Center, and
primary sponsorship of the Indonesia International Book Fair 2024, TRENDS
Research & Advisory inaugurated its office in Jakarta, marking its 10th location
worldwide. It also released four books in Indonesian.
The inauguration event was attended by ambassadors of the UAE, Bahrain, and
Jordan to Indonesia, chairpersons of the UAE and Indonesian Publishers’
Associations, the Director of TRENDS’ Jakarta office, and a group of researchers
and academics.
Speaking at the event, Dr. Mohammed Abdullah Al-Ali, CEO of TRENDS
Research & Advisory, stated that TRENDS’ international offices—set to reach 15
by the end of 2024—aim to enhance the Center’s research efforts and deepen its
role in disseminating knowledge, thus serving as a global knowledge bridge.
He emphasized, “At TRENDS, we believe in the importance of cooperation
between think tanks and prioritize this endeavor. We believe the TRENDS office in
Jakarta will enhance the exchange of knowledge and ideas between think tanks in
Asia and the Middle East, opening new horizons for collaboration in various
fields.”

Four books in Indonesian
As part of the Jakarta office’s inaugural activities, four books were released in
Indonesian, including the 11th and 12th books of the Muslim Brotherhood
Encyclopedia and Global Trends in AI and Automation and the Future of
Competition between Man and Machine: An Analytical Forward-looking Vision.

Hostility to Arab states
The 11th book of the Muslim Brotherhood Encyclopedia, The Concept of the State
According to the Muslim Brotherhood, highlights its hostile stance toward Arab
states since its inception. The group views them as an obstacle to its ascent to
power. It opposed the modern principles upon which these states were built,
considering them incompatible with the group’s unique interpretation of Islam,
which it claimed to embody exclusively.

Exclusion of nonconformists
The 12th book, The Muslim Brotherhood: Rejection of Tolerance and Exclusion of
Nonconformists, examines the Muslim Brotherhood’s stance towards
nonconformists, individuals, and entities. The book reveals the group’s binary view
of the world, categorizing others as allies or adversaries. It ties these relationships
to the Brotherhood’s internal power struggles and self-serving interests.

Global Trends in AI
The third book, Global Trends in AI, explores significant developments in AI and
its impact on various aspects of life, including the economy, society, and
governance. It also offers a comprehensive analysis of technological advancements
in AI, its applications across sectors, the ethical and social challenges it presents,
and its future trajectory.

Automation

The fourth book, Automation and the Future of Competition between Man and
Machine: An Analytical Forward-looking Vision, addresses the growing challenges
faced by the human workforce in the face of widespread automation and AI
applications. The book concludes that while automation presents a significant
challenge to the labor market, it simultaneously creates new opportunities. It
emphasizes the importance of preparing for this shift through skills development,
continuous education, and adopting economic and social policies that support the
workforce.

Prominent pavilion and active presence
The TRENDS’ pavilion at the Indonesia International Book Fair has attracted
numerous visitors, including academic researchers and officials, such as the
ambassadors of the UAE, Bahrain, Qatar, Jordan, and Turkey. Additionally,
chairpersons of Arab and Indonesian publishers’ associations, authors, publishers,
and students visited the pavilion. All were impressed with and praised TRENDS’ diverse, valuable publications. They also commended TRENDS’ active
international presence and ability to address global developments with rigorous
analytical research.
Dr. Mohammed Abdullah Al-Ali honored the esteemed guests, including
ambassadors of the UAE and Bahrain to Indonesia, Wedha Startesti Yudha,
Chairperson of the Indonesia International Book Fair Committee, Arys Hilman
Nugraha, Chairman of the Indonesian Publishers Association, and others,
presenting them with TRENDS’ publications and commemorative shields.
Additionally, he awarded TRENDS’ Research Medal to Ni Made Ayu Martini
Indonesian Deputy Minister of Marketing, Tourism and Creative Economy
It is worth noting that during its current Asian research tour, TRENDS announced
the launch of the TRENDS Research Medal, awarded to individuals who make
significant contributions to the development of scientific research and promote collaboration with TRENDS in strengthening a culture of research across various fields.

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US determined to prevent full-scale war in Middle East, Joe Biden tells UNGA79

US President Joe Biden highlighted the US Administration’s determination to prevent a wider war that engulfs the entire Middle East region, noting that a diplomatic solution “remains the only path to lasting security to allow the residents from both countries to return to their homes on the border safely”.

In remarks he made today before the 79th Session of the United Nations General Assembly (UNGA79), the US President said, “Full-scale war is not in anyone’s interest,” adding that a diplomatic solution is still possible.

He also touched on “the rise of violence against innocent Palestinians on the West Bank”, and the need to “set the conditions for a better future”, which he said featured “a two-state solution, where the world — where Israel enjoys security and peace and full recognition and normalised relations with all its neighbours, where Palestinians live in security, dignity, and self-determination in a state of their own”.

President Biden underscored the ceasefire and hostage deal put forth by Qatar and Egypt, which the UN Security Council endorsed. He said, “Now is the time for the parties to finalise its terms, bring the hostages home,” adding that this would help ease the suffering in Gaza, and end the war.

-WAM

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