Yoon: "EU is a Top 3 Trading Partner... Expanding Cooperation in Advanced Technologies" (Update)

Korea-EU Summit Held... Discussing Strengthening Bilateral Partnership
Michel, Standing President, "Solid Foundation Established for Three Major Agreements Including FTA"

President Yoon Suk-yeol said on the 22nd, "The EU is our third-largest trading partner and the number one investor partner in Korea," adding, "Cooperation between Korea and the EU continues to expand into global agendas such as advanced technology, global security, and climate."

On the same day, President Yoon held a summit at the Yongsan Presidential Office with Charles Michel, President of the European Council, and Ursula von der Leyen, President of the European Commission, emphasizing the will to cooperate between Korea and the EU by stating, "The European Union (EU) is a valuable partner that shares universal values of freedom, human rights, and the rule of law."

President Yoon Suk-yeol is holding a Korea-EU summit with Ursula von der Leyen, President of the European Commission, and Charles Michel, President of the European Council, at the Presidential Office building in Yongsan, Seoul on the 22nd.
[Photo by Yonhap News]

Regarding the visit of EU leaders for the first time in 11 years, President Yoon evaluated it as "a clear demonstration of the EU's commitment to strengthening the partnership with Korea," and said, "I pay tribute to both of you for confirming the EU's solidarity on Russia's invasion of Ukraine and for leading the EU's united support."

The cooperation areas between Korea and the EU were also mentioned. President Yoon explained, "Cooperation between Korea and the EU continues to expand into global agendas such as advanced technology, global security, and climate," adding, "Since establishing a strategic partnership in 2010, we have been strengthening practical cooperation."

President Michel also stated, "Bilateral cooperation can be further expanded to suit the digital age," elaborating, "The three major agreements?the Framework Agreement, the Free Trade Agreement (FTA), and the agreement related to crisis management participation?provide a solid foundation."

President Ursula von der Leyen of the European Commission said, "I believe this will be an opportunity to strengthen our relationship in the green, health, and digital sectors." In particular, President von der Leyen expressed expectations, saying, "Through this, we will further enhance the green partnership by transitioning our citizens to renewable energy," and "Through the health agreement, we will respond more closely to crises, and by cooperating on AI, high-performance computing, and semiconductors, we will be able to provide more benefits."

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