Overview

• U.S. Commerce officials presented the site‑license proposal to South Korean counterparts last week, and discussions remain ongoing with no decision yet.
• The plan would require approval for a year’s worth of restricted tools, parts and materials in exact quantities for each China facility.
• Officials say licenses would support day‑to‑day production but would not cover shipments that upgrade or expand the plants.
• South Korean industry and government contacts describe relief at a clear pathway yet concern over administrative burden and risks if emergency parts fall outside the annual list.
• A federal notice estimates roughly 1,000 additional permits a year without the waivers, while a U.S. official says urgent licenses can be issued quickly.