US Demands A Cut Of Samsung And SK Hynix's Profits
Deputy USTR Rick Switzer raised it with minister Yeo Han-koo last month, citing US purchases; Seoul denies hearing any such demand.
- Rick Switzer, deputy US trade representative, told Yeo Han-koo Washington deserves a profit cut.
- US-bound chip exports reached $26.4 billion in H1 2026, up 91.3% year over year.
- Seoul's trade ministry says it was unaware of the claim, citing 'commercial reasonableness' instead.
Why it matters: Paying market price earns no claim on a seller's profit; demanding one anyway has an old name: tribute.
The Korea Times ↗ · Jul 17, 20267/17/26 · ✓ Checked✓ Check