Korea, Spain hold business forum in Seoul

Home > Business > Industry

print dictionary print

Korea, Spain hold business forum in Seoul

Spanish Prime Minister Pedro Sanchez signs a guestbook during a visit to Samsung Electronics's semiconductor campus in Pyeongtaek, 65 kilometers south of Seoul, on Nov. 17. [YONHAP]

Spanish Prime Minister Pedro Sanchez signs a guestbook during a visit to Samsung Electronics's semiconductor campus in Pyeongtaek, 65 kilometers south of Seoul, on Nov. 17. [YONHAP]

 
Spanish Prime Minister Pedro Sanchez and some 100 business leaders from Korea and Spain gathered in Seoul on Friday to attend a forum meant to discuss ways to boost cooperation and investment in various industry sectors, Seoul's industry ministry said.
 
The business forum, organized by the Spanish chamber of commerce, took place as the Spanish prime minister is visiting Korea for a summit with President Yoon Suk-yeol and meetings with business leaders.
 
In his congratulatory message, Seoul's Industry Minister Lee Chang-yang said the two nations have great potential for expanding bilateral economic cooperation, given the size of their economies and strength, particularly in future vehicles and renewable energy fields.
 
After the forum, Lee met with Spain's industry and trade minister, Reyes Maroto, and discussed ways to deepen bilateral business relations.
 
Maroto voiced hope the prime minister's visit to Seoul would help enhance cooperation between the two nations in various advanced sectors, and Lee asked for Madrid's support for  Korean firms seeking to make inroads into the European nation, according to the ministry.
 
As a major investment case, Korea's Iljin Materials decided to build an electric foil plant worth 500 billion won ($373.4 million) in Spain, and the Spanish government vowed to provide 25 billion won in cash incentives, the ministry added.

Yonhap
Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
s
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)