Korea-Colombia Sign Memorandum of Understanding to Strengthen Cooperation in Science and ICT Development

Minister of Science and ICT Lim Hye-sook and Juan Carlos Caicedo Rosero, Ambassador of Colombia to Korea, are signing a Memorandum of Understanding (MOU) for cooperation in science, technology, and information and communication technology at the Four Seasons Hotel in Jongno-gu, Seoul, on the afternoon of the 25th.

[Asia Economy Reporter Kim Bong-su] Taking advantage of the Korea-Colombia summit, the two countries will strengthen cooperation in science and information and communication technology.

On the 25th in Seoul, Minister Lim Hye-sook of the Ministry of Science and ICT signed a new Memorandum of Understanding (MOU) for scientific and technological cooperation with Colombia's Ministry of Science, Technology and Innovation. She also revised the existing Memorandum of Understanding on Information and Communication Technology (ICT) cooperation with Colombia's Ministry of ICT. The science and technology cooperation MOU was originally signed in November 2019 to promote scientific and technological cooperation between the two countries following the establishment of Colombia's Ministry of Science, Technology and Innovation. The plan is to promote cooperation through joint research and personnel exchanges in bio-technology fields of common interest to Korea and Colombia, such as new drugs, healthcare, and utilization of bio-resources.

Additionally, the ICT cooperation MOU, which was originally signed in 2005 and first revised in 2015, has been updated to include cooperation areas such as artificial intelligence technology, digital transformation, and digital economy regulatory sandbox, thereby expanding the scope of cooperation into the Fourth Industrial Revolution sectors.

Minister Lim stated, "Based on today's signing of the MOU, I hope that the cooperation between the two countries will be further solidified by discovering and promoting practical cooperative projects through holding joint science and technology committees."

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