Arirang News
•
11th July 2024
Yoon Utilizes NATO Summit in Washington to Enhance Economic Cooperation with Participants
윤대통령 나토계기 양자회담에서 경제 협력 얘기 원전, 광물, 반도체 논의
While security issues topped the talking points for President Yoon at NATO, he also didn't miss the opportunity to speak directly speak with his counterparts on economic cooperation.
As he sat down on the sidelines with NATO leader for discussions on nuclear power plants and critical minerals, President Yoon made sure to enhance cooperation with like-minded nations.
Our Kim Do-yeon reports.
President Yoon Suk Yeol is utilizing the NATO Summit in Washington, D.C. to enhance economic cooperation with member nations.
This as he met with the leaders of 6 NATO member countries on the sidelines during his first day of the multilateral summit on Wednesday.
They were Germany, Canada, Netherlands, Sweden, Czech Republic, and Finland.
In regard to discussions over nuclear power plants the top office says President Yoon appealed to four leaders from the Czech Republic, Netherlands, Finland, and Sweden that South Korea's nuclear energy technology is among the best in the world.
South Korea and France are currently competing to be the preferred supplier for a project with up to four new units in the Czech Republic with a final decision imminent.
"President Yoon emphasized to President Pavel that South Korea possesses the world's best construction capabilities and overwhelming price competitiveness. He stressed that if South Korea is selected as the contractor, it would significantly contribute to the development of the nuclear power sector in the Czech Republic."
Critical minerals were also part of discussions as Sweden has Europe's largest deposit of rare earth minerals.
South Korea and Sweden, as members of the Minerals Security Partnership, agreed to cooperate for the critical mineral supply chain.
In the meantime, it was President Yoon's first time meeting with the new Dutch Prime Minister Dick Schoof who took office earlier this month.
South Korea and the Netherlands recently formed a chips alliance two get the best out of South Korea's chip manufacturing capacity and the Netherlands' lithography technology.
And, the new Dutch Prime Minister says the change in government doesn't change that level of cooperation.
"Prime Minister Schoof emphasized that South Korea plays a very important role in the semiconductor supply chain and suggested continuing the semiconductor cooperation between the two countries."
The top office says the opportunity was used to reinforce the stepping stones for the nation's companies.
And, it's not done.
While the main NATO Summit and IP4 Summit are set to happen on Thursday on the last day of President Yoon's trip, the top office also says President Yoon will squeeze more bilateral meetings in between main events to maximize face-to-face opportunities.
Kim Do-yeon, Arirang News, Washington, D.C.
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2024-07-11, 12:00 (KST)