The post South Korea signs Pax Silica declaration amid AI race with China appeared on BitcoinEthereumNews.com. South Korea, the United States, and other key partnersThe post South Korea signs Pax Silica declaration amid AI race with China appeared on BitcoinEthereumNews.com. South Korea, the United States, and other key partners

South Korea signs Pax Silica declaration amid AI race with China

2025/12/13 20:28

South Korea, the United States, and other key partners have agreed to adopt the “Pax Silica” declaration. The development will see the countries involved collaborate to build a trusted supply chain ecosystem for AI, critical minerals, and other areas.

The collaboration comes as the United States continues to seek an edge over China in the growing artificial intelligence sector.

According to reports, a total of seven countries are in the collective, including Australia, Japan, Britain, Singapore, and Israel. The declaration was signed under the initiative, led by the United States, to forge a coalition among US allies and partners when they attended the inaugural Pax Silica summit in Washington.

South Korea joins other partners to sign the Pax Silica declaration

Pax Silica was drawn from the Latin word, which means peace, stability, and long-term prosperity, while silica refers to the compound refined into silicon, a chemical element that is important in the making of computer chips that enable the creation of artificial intelligence, the statement from the State Department read.

The declaration also comes as President Donald Trump and his administration continue to make moves to solidify America’s lead in the AI industry.

The declaration ensures that supply chains are stable, a means by which critical minerals can be moved, countering China’s control over those strategically vital resources amid an intensifying rivalry between the two superpowers.

South Korea was represented by Second Vice Foreign Minister Kim Jina at the summit. Although the Netherlands and the United Arab Emirates participated in the summit, they did not join the declaration.

According to a release by South Korea’s Foreign Ministry, the declaration stressed that AI is a transformative force for countries’ long-term prosperity and that trustworthy systems are important to safeguard mutual security and prosperity.

It noted several areas of collaboration, including frontier foundation models, software applications and platforms, network infrastructure, minerals refining and processing, energy, transportation logistics, and information connectivity.

Pax Silica initiative to foster collaboration

The declaration also highlighted the importance of fair market practices and joint efforts against market distortions, though it refused to name-drop any country.

“We believe that true economic security requires reducing excessive dependencies and forging new connections with reliable partners and suppliers committed to fair market practices. […] We will endeavor to provide access to trusted partners to the full stack of technological advancements that are shaping the AI economy,” the declaration read.

It added that coordination is essential to protect private investment, noting that there is an important need to address non-market practices that undermine innovation and fair competition. This way, the market can be protected from overcapacity and unfair dumping practices to preserve a level playing field for innovation and growth.

In addition, it mentioned the need for cooperation on policy efforts to protect sensitive technologies and critical infrastructure.

The declaration also highlighted that South Korea and other countries involved would build trusted information networks, including information and communication technology systems, fiber-optic cables, and data centers.

During the summit, South Korea’s vice foreign minister drummed up the need for cooperation across the global AI supply chain, including energy, minerals, AI infrastructure, transportation, and other aspects.

She added that Korea is determined to help promote supply chain stability by using the strength of Korean companies in batteries, semiconductors, energy, and other fields.

The Pax Silica initiative comes amid the growing concerns over China’s control of critical minerals, including rare earth elements that are important in the manufacturing of military and electronic equipment.

The smartest crypto minds already read our newsletter. Want in? Join them.

Source: https://www.cryptopolitan.com/south-korea-signs-pax-silica-declaration/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

UK Looks to US to Adopt More Crypto-Friendly Approach

UK Looks to US to Adopt More Crypto-Friendly Approach

The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation.  UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter.  The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy.  Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider.  Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…
Share
BitcoinEthereumNews2025/09/18 02:21