Park Yong-man: "Korea-US Advanced Technology Cooperation Creates Tremendous Synergy"

[Asia Economy New York=Correspondent Baek Jong-min] Park Yong-man, chairman of Doosan Infracore, predicted that the advanced technology cooperation between South Korea and the United States, which is gaining momentum following the Korea-US summit, will create tremendous synergy.

Park, who served as the chairman of the Korea Chamber of Commerce and Industry until early March, said in an online dialogue with Thomas Byrne, chairman of the Korea Society, a Korea-US friendship nonprofit organization, on the 2nd (local time), regarding the recent Korea-US summit results, "I heard that the two leaders agreed to strengthen cooperation for restructuring the supply chain of advanced technology industries," and evaluated it as "welcome news."

Park added, "Combining South Korea's advanced technology manufacturing capabilities with the US's design capabilities will create tremendous synergy," and said, "This cooperation announcement is very hopeful."

He also said, "South Korea and the US are allies sharing the same values of freedom and democracy," and "Close cooperation between South Korea and the US is very important in solving various and many international issues."

When asked whether Korean companies would participate in the government's efforts to establish a 'vaccine hub,' Park responded, "They can. Why not?" and then assessed, "South Korea is already acting like a vaccine manufacturing company."

Park predicted, "As vaccine distribution expands, we will return to a somewhat normal consumer economy by the end of this year."

Park emphasized that although the COVID-19 pandemic dealt a particularly heavy blow to small and medium-sized enterprises, small merchants, and traditional manufacturing companies, "We are working hard to recover from that shock, and recently the pace has been accelerating."

Referring to his experience accompanying the inter-Korean summits held in Panmunjom and Pyongyang as the chairman of the Korea Chamber of Commerce and Industry, as well as his visit to Baekdu Mountain, Park said, "We hoped for inter-Korean economic cooperation and peace, but it did not happen. Still, I have hopeful memories. Even drops of water can pierce a rock. I hope for a peaceful outcome."

This content was produced with the assistance of AI translation services.