Martial Arts 'Han-Canada Business Roundtable' Held

Discussion on Strengthening Strategic Partnerships Between the Canadian Government Delegation, 6 Local Companies, and 17 Domestic Companies

Participants of the Korea-Canada Business Roundtable are taking a commemorative photo. / Provided by Korea International Trade Association

[Asia Economy Reporter Kim Pyeonghwa] The Korea International Trade Association (KITA) held the "Korea-Canada Business Roundtable" on the 24th at the Trade Tower in Samseong-dong, Seoul, jointly with the Embassy of Canada in Korea. The event was held to mark the visit of Fran?ois-Philippe Champagne, Minister of Innovation, Science and Economic Development of Canada.

At the event, Tamara Mohyani, Charg? d'Affaires of the Canadian Embassy in Korea, S?bastien Lemire, Member of the House of Commons of the Canadian Parliament, and other government representatives, along with six Canadian companies related to battery materials, recycling, automotive parts, nano process technology, and music-based media attended.

On the Korean side, 17 companies from the renewable energy, bio, aerospace, artificial intelligence (AI), and IT sectors participated. These included Samsung C&T, SK Inc., Hyundai Engineering, Hyundai Corporation, Hanwha Solutions, POSCO International, Yuhan Corporation, PNT, Hancom Inspace, Kakao Enterprise, and Krafton.

The participating companies shared their current status and plans for business in Canada and discussed future cooperation measures. Samsung C&T introduced its 1,300-megawatt (MW) wind and solar power projects operating in Ontario, Canada, as well as its solar power and energy storage projects scheduled for completion in September next year. They also requested the Canadian government’s support to help innovative and environmentally friendly projects expand locally.

Hancom Inspace, which established a joint venture (JV) this year with Canadian company Infinity Optics, shared a business model combining its AI and software technology with Infinity Optics’ strengths in long-range surveillance. They also expressed hope that the two countries will create new business opportunities in various fields. Hancom Inspace is a subsidiary of Hancom specializing in space and aerospace technology.

Minister Fran?ois-Philippe Champagne said, “With this year’s Korea-Canada summit and the 60th anniversary of diplomatic relations next year, I hope the two countries will leap forward into a close cooperative relationship,” adding, “Canada possesses all the key minerals needed for battery manufacturing and is among the world’s top 10 hydrogen energy producers, so we hope for active entry and cooperation from Korean companies.”

Jung Manki, Vice Chairman of KITA, said, "Following the summit last September, the two countries were elevated to a ‘Comprehensive Strategic Partnership,’” and added, “Let us expand cooperation in areas such as renewable energy and hydrogen and jointly overcome the global supply chain crisis.”

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