'Korea-Spain Business Forum' Held... "Expecting Future Car Cooperation"

Minister Lee Chang-yang of the Ministry of Trade, Industry and Energy giving a speech
(Seoul=Yonhap News) Photo by Hwang Kwang-mo = Minister Lee Chang-yang of the Ministry of Trade, Industry and Energy is giving a speech at the 2022 Korea-Saudi Investment Forum held at the International Conference Hall of the Korea Chamber of Commerce and Industry in Jung-gu, Seoul on the morning of the 17th. 2022.11.17
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[Asia Economy Sejong=Reporter Lee Jun-hyung] Lee Chang-yang, Minister of Trade, Industry and Energy, requested support for domestic companies from the Spanish government.

The Ministry of Trade, Industry and Energy announced that Minister Lee attended the 'Korea-Spain Business Forum' held at the Four Seasons Hotel in Seoul on the morning of the 18th. This forum was organized by the Spanish Chamber of Commerce to expand cooperation between companies of the two countries, coinciding with the visit of Spanish Prime Minister Pedro Sanchez to Korea. The forum was attended by Minister Lee, Spanish Prime Minister Pedro Sanchez, Reyes Maroto, Minister of Industry, Trade and Tourism of Spain, and others.

In his congratulatory speech, Minister Lee mentioned the necessity of economic cooperation between Korea and Spain. He especially emphasized the great potential for cooperation in future car sectors such as electric vehicles, as Spain is the second largest automobile producer in Europe after Germany. Minister Lee also noted that Korean companies and Spanish companies continue mutual investments in the solar power and offshore wind power sectors, such as Korea Midland Power's completion of the Primera solar power plant in Spain last month, expressing expectations for expanded cooperation in the renewable energy field.

After the forum, Minister Lee also held a meeting with Minister Maroto. Minister Maroto expressed hope that economic cooperation between the two countries would be strengthened with the visit of the Spanish Prime Minister. In response, Minister Lee said, "I understand that the Spanish government's active efforts to attract investment played a role in the decision of Korean battery material companies to invest in Spain," and requested government support and attention to expand the local entry of domestic companies.

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