Cho Tae-yeol: "Our Companies Will Respond to Prevent Unfair Treatment Abroad"

Ministry of Foreign Affairs and Ministry of Science and ICT Establish New Foreign Policy Council

Foreign Minister Cho Tae-yeol stated, "We will actively respond by closely consulting with companies to ensure that our businesses' overseas operations and investments are not unfairly treated, as well as leading international technology standards."

At the kickoff meeting of the Foreign Ministry-Ministry of Science and ICT Foreign Policy Council held at the Foreign Ministry building on the 10th, Minister Cho said, "If the convergence of economic security and technology is the trend of the times, the two ministries must unite and respond strategically for national interests." This remark is interpreted as referring to the recent situation triggered by the Japanese government's administrative guidance demanding the messenger app 'LINE' operator Line Yahoo to 'reconsider capital relations.'

Cho Tae-yeol, Minister of Foreign Affairs Photo by Yonhap News

The Foreign Ministry and the Ministry of Science and ICT established the Foreign Policy Council to quickly share domestic and international trends in AI and digital fields and discuss related policies. The two ministries' second vice ministers serve as co-chairs. However, the Foreign Ministry explained that this council was not created specifically to respond to the Line Yahoo incident.

Minister Lee Jong-ho of the Ministry of Science and ICT emphasized at the kickoff meeting, "The influence of core AI technologies on national competition and security is rapidly increasing. To strategically respond to the global competition for AI and digital leadership and the establishment of norms, close cooperation and the pooling of expertise between the two ministries are more important than anything else."

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