AI · SEMICONDUCTOR · FACT CHECK
SKD WIRETrue
Transactions involving the sale or closure of overseas corporations and foreign acquisitions are included among the matters subject to review under South Korea's national core technology regime, according to reporting by News1.
The review framework for designated national core technologies covers cases in which companies sell off or wind down overseas legal entities, as well as foreign mergers and acquisitions involving Korean firms holding such technologies. The scope means that deal structures extending beyond the domestic market can fall under government screening.
Under the framework, oversight of national core technologies involves the National Intelligence Service and the Ministry of Science and ICT, which assess whether planned transactions or technology transfers pose risks to national security. South Korea's national core technology designation system is intended to prevent leakage of strategically sensitive technologies in sectors such as semiconductors.
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