Korea-France agree on fostering business relations in three different steps

  • 6 years ago
Looking back to President Moon's last day in Paris.
He focused on ways to strengthen business relations between South Korea and France before jetting off to Rome.
Park Hee-jun reports.
President Moon Jae-in, on his last day in France, focused on linking up businesses between South Korea and France that are on par with the current era of fast-changing economic circumstances.
Speaking to business leaders and related government officials from the two sides,… President Moon said the relation between Seoul and Paris can be boosted by facing challenges together.

"France is the center of European politics, economy and culture, while South Korea sits strategically on the base of Northeast Asia. Undisputedly, they both possess very attractive advantages, beneficial for each other. Once peace settles on the divided Korean peninsula, South Korea will be an even better nation to form economic partnerships. As such, I can say with confidence that now is the time to further develop economic cooperation between South Korea and France."

President Moon pointed out three important agreements he reached with his French counterpart Macron.
First, to drastically boost trade,… in not only aircraft parts or cosmetics but also investment funds.
Secondly,-- adapting and expanding ties in new industries, that are in line with the fourth industrial revolution.
The president cited the developments between a South Korean research team and France's Renault Motor into the implementation of electric vehicles starting 2020.

And third, upgrading ties between startups and SMEs to widen options for young Koreans and French entrepreneurs.
And the president,... is already putting words into action, by having Korea's auto giant Hyundai sign a memorandum of understanding with French firms to promote hydrogen fuel cell electric vehicles.
Park Hee-jun, Arirang news.