South Korea sees Türkiye as ‘crucial’ economic partner in Europe

South Korea sees Türkiye as ‘crucial’ economic partner in Europe

South Korea is seeing Türkiye as some of the essential financial companions in Europe, the nation’s prime diplomat stated Monday.

“Türkiye is one of the most important economic partners in Europe for South Korea,” Foreign Minister Park Jin instructed Anadolu Agency (AA), stressing the truth that practically 160 South Korean corporations function within the nation.

Park stated that his three-day go to to Türkiye, a “blood brother country,” is significant and the strategic partnership of the 2 nations will develop additional in numerous fields.

Recalling that Türkiye was the fourth nation that despatched the best variety of troopers to battle within the Korean War, Park stated: “Our people are always grateful, and they do not forget Türkiye’s sacrifice.”

Defense cooperation

Park additionally cited cooperation within the protection business, saying the supply ceremony of Türkiye’s principal battle Altay tank, geared up with an influence pack equipped from Korea, was held in April.

He stated he visited the sixteenth International Defense Industry Fair (IDEF’23) in Istanbul final week and met with Türkiye’s National Defense Minister Yaşar Güler.

“We talked about the cooperation between the two countries in the field of defense. There are good examples of cooperation between Korea and Türkiye, such as the Altay armored vehicle and the K9,” he stated.

On the devastating earthquakes that struck the southeastern area in early February, Park stated South Korea has offered humanitarian assist price $5 million to Türkiye.

South Korea can be constructing 2,000 short-term settlements for the survivors, he stated.

“The Korean government continues to support earthquake survivors so that they can overcome the damage caused by the earthquake and have a sustainable social and economic life,” he added.

The overseas minister additional stated that the way forward for industrial cooperation between Korea and Türkiye is “bright.”

“I hope that the cooperation between the land forces, which is currently active, will extend to the navy.”

Noting that as of March 2023, the cumulative funding of Korean corporations in Türkiye stands at roughly $3.8 billion, Park said that this determine has been growing steadily.

Adding that funding in tradition is as essential as funding in business, Park stated: “I believe that not only will the Korean culture become widespread in Türkiye, but also that Turkish culture will spread in Korea and will further develop in a way that will benefit both sides.”

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