Trade minister wants better access to Sichuan for Korea

Yoon Sang-jick, Korean minister of trade, industry and energy, met China’s Governor of Sichuan Province Wei Hong in Seoul yesterday to discuss detailed measures to enhance Korea’s access to business and investment in the province.

In the meeting, the two addressed how to make good use of a memorandum of understanding (MoU) for Korea-China industrial cooperation, which was made between the two countries’ industry ministries earlier this month during President Xi Jinping’s visit to Seoul. The MoU mandates cooperation in developing high-tech industries, including cloud computing, biomedical and aerospace.

Yoon called for the Sichuan governor’s support to allow Korean businesses to be more active in the domestic market, which is a retail and shipping hub that is a core part of the Chinese central government’s development in the west.