The European Commission said it favours agreements between European and South Korean manufacturers of Dram memory chips and flash memory.
Officials at the European Electronic Component Manufacturers Association (EECA had said they would seek competition clearance for the industry- to-industry pacts to prevent dumping and protect data.
"Nobody shall have access to the data collected, which will be kept strictly confidential. Only the European Communities or Korean anti- dumping authorities, as the case may be, will have access once an anti- dumping investigation procedure is opened," the commission said.
"The notified agreement contains no provisions preventing the parties from taking their own independent commercial decisions nor does it provide for the exchange of information," it said in the Dram case.
In the Dram market, the European producers are active in all EU member states but have less than two per cent of the Korean market; Korean producers have 35 per cent market share in Europe and substantially higher in Korea.
In Flash Eproms, the European companies are active in all EU member states but have less than one per cent share in Korea; Korean producers sell negligible quantities in the EU and mainly operate in Korea.
On the European side, the two agreements involve Siemens AG, SGS Thomson Microelectronics, Texas Instruments Italia, and EECA.
On the Korean side, participants are Hyundai Electronics Industries, LG Semicon, Samsung Electronics and the Korea Semiconductor Industry Association.
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago