The leaders of Britain and South Korea will search to strengthen commerce and protection ties between their nations throughout President Yeon Suk-yeol’s state go to to the UK.
Yoon landed at Stansted Airport close to London on Monday. Britain hopes his three-day official go to will assist strengthen the “Indo-Pacific orientation” in its international and commerce coverage.
Throughout that interval, the President will take pleasure in royal pomp and diplomacy, together with a ceremonial welcome with a army guard of honour, the chance to handle Parliament and a state banquet hosted by King Charles III at Buckingham Palace.
He’s additionally scheduled to carry talks with Prime Minister Rishi Sunak specializing in commerce, expertise and defence. The 2 nations are set to formally launch talks on a “modernized” free commerce settlement to switch their present settlement, which largely replicates the preparations the UK had earlier than it left the EU.
Britain has launched commerce talks with a number of nations since its exit from the European Union in 2020, though it has solely concluded agreements with Australia and New Zealand. The UK has additionally joined the Complete and Progressive Trans-Pacific Partnership, or CPTPP, an Asia-Pacific commerce bloc that features Japan and 10 different nations.
Sunak and Yoon are anticipated to signal an settlement masking protection and expertise cooperation, together with synthetic intelligence. Britain hosted its first worldwide AI security summit this month, and South Korea plans to carry a follow-up occasion subsequent 12 months.
Britain additionally plans to spend money on semiconductor manufacturing in South Korea as a part of worldwide efforts to diversify provides of key laptop parts. Many superior chips are produced in Taiwan, and the coronavirus pandemic and an more and more assertive China have heightened considerations about future provide.
The 2 leaders are additionally set to spice up protection cooperation, together with joint naval patrols to implement UN sanctions on North Korea.
Sunak mentioned the agreements reached throughout Yoon’s go to would “stimulate funding, increase commerce and construct a friendship that not solely helps world stability, but in addition protects our pursuits and stands the check of time.”
(Solely the title and picture of this report might have been reworked by Enterprise Normal employees; the remainder of the content material is auto-generated from a syndicated feed.)
(Tags for translation)South Korea