Prime Minister Han Proposes Expanding Korea-Romania Cooperation on New Growth Engines for the 4th Industrial Revolution

Korea-Romania Business Roundtable
Expecting Korea-Romania Partnership in Infrastructure and Nuclear Power Sectors
Prime Minister Han Duck-soo: "We Can Build a Mutually Beneficial Relationship"

[Image source=Yonhap News]

[Asia Economy Reporter Ki-min Lee] Prime Minister Han Duck-soo met with the Romanian delegation visiting Korea on the 23rd and proposed that "the two countries need to expand their existing manufacturing-based cooperation toward securing new growth engines in the 4th Industrial Revolution era, such as bio, electric vehicles, and digital sectors."

Prime Minister Han made these remarks at the 'Korea-Romania Business Roundtable' held in the afternoon at the Four Seasons Hotel in Jongno-gu, Seoul.

The event was attended by the Romanian delegation including Prime Minister Nicolae Ionel Ciuc? and Speaker of the National Assembly Ion Marcel Ciolacu, and from Korea, Prime Minister Han, Woo Tae-hee, Vice Chairman of the Korea Chamber of Commerce and Industry, and Son Jae-il, Chairman of the Korea-Romania Cooperation Committee.

In his congratulatory speech, Prime Minister Han referred to the Romanian government's policy to foster new industries such as eco-friendly energy, digital, and healthcare, emphasizing, "Korea is also focusing its capabilities on establishing a global bio production hub and achieving carbon neutrality by 2050. The potential for cooperation between the two countries in the bio and carbon neutrality sectors is very significant."

He also mentioned the possibility of cooperation with Korean companies regarding Romania's ongoing infrastructure and nuclear power plant improvement projects. Prime Minister Han stated, "Korean companies possess world-class technology and know-how in the construction infrastructure sector," and "Since Korea operates the same type of reactors as those in Romania's nuclear power plants, it can be a good cooperation partner."

He added, "If Korea promotes the supply of excellent equipment and technology sharing in Romania's construction infrastructure projects, a more mutually beneficial relationship can be established."

Korea and Romania have cooperated in the automotive and materials and components sectors since establishing diplomatic relations in 1990. In 2008, Korea became the first Asian country to establish a strategic partnership with Romania. The trade volume between the two countries has increased more than 48 times since the establishment of diplomatic relations.

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