Wi Seongrak Meets with EU Trade and Economic Security Commissioner: "Close Cooperation Needed Among Like-Minded Countries Amid Middle East Situation"

The Blue House announced that Wi Sung-lak, Director of the National Security Office, met with Maros Sefcovic, European Union (EU) Executive Vice President for Trade and Economic Security, who was visiting Korea on the 17th, to discuss strengthening economic security cooperation between Korea and the EU.

Sung-lak Wi, Director of the National Security Office, is meeting with Maros Sefcovic, European Union (EU) Executive Vice President for Trade and Economic Security, who is visiting Korea on the 17th, to discuss strengthening economic security cooperation between Korea and the EU.

The two sides shared their respective efforts to address the challenges arising from energy supply and price volatility amid the current situation in the Middle East. They also noted that the efforts to strengthen economic security in each country have become even more crucial in light of the energy supply chain crisis triggered by developments in the Middle East.

In particular, both agreed that during such serious economic security crises, it is essential for like-minded and mutually trustworthy countries such as Korea and the EU to cooperate closely and coordinate their actions. They therefore emphasized the need for an inter-agency economic security consultation channel, with the comprehensive participation of major economic security ministries from both Korea and the EU.

The two sides also exchanged views on the overall international situation beyond the Middle East. The Blue House stated, "The government will continue to work with the EU to strengthen economic security, including in the supply of key minerals and the overall supply chain, amid the rapidly changing global landscape and resource security crises such as those posed by the situation in the Middle East."

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