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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Politics

Politics

South Korea’s Yoon eyes Trade and Investment Boost with Ireland

South Korean President Yoon Suk-yeol gives a speech on the government budget at the National Assembly in Seoul, South Korea, 31 October 2023. JEON HEON-KYUN/Pool via REUTERS/File Photo
South Korean President Yoon Suk-yeol gives a speech on the government budget at the National Assembl... South Korean President Yoon Suk-yeol gives a speech on the government budget at the National Assembly in Seoul, South Korea, 31 October 2023. JEON HEON-KYUN/Pool via REUTERS/File Photo
South Korean President Yoon Suk-yeol gives a speech on the government budget at the National Assembly in Seoul, South Korea, 31 October 2023. JEON HEON-KYUN/Pool via REUTERS/File Photo
South Korean President Yoon Suk-yeol gives a speech on the government budget at the National Assembl... South Korean President Yoon Suk-yeol gives a speech on the government budget at the National Assembly in Seoul, South Korea, 31 October 2023. JEON HEON-KYUN/Pool via REUTERS/File Photo

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Yoon Suk-yeol, the president of South Korea, expressed his expectation on Friday for a notable uptick in trade and investment with Ireland as the two nations seek to deepen their collaboration in biotechnology and education.

Speaking during a bilateral meeting with Irish Prime Minister Leo Varadkar in Seoul, Yoon stated that the Irish delegation’s visit should be viewed as a chance to fortify alliances, according to a statement from his office.

Charlie McConalogue, Ireland’s Minister of Agriculture, told the media on Wednesday that he had pushed South Korean officials to allow the import of Irish cattle, a top priority for the Irish delegation.

Ireland and South Korea are dedicated to making investments in innovation. To promote research and development across various industries, including artificial intelligence (AI), biotechnology, and renewable energy, they intend to construct a technology and innovation hub. This center will produce a trained workforce and act as a catalyst for technical improvements.

Apart from fostering creativity, Ireland and South Korea will work together to assist new businesses. They aim to promote entrepreneurship and growth in developing areas by offering resources, investment, and mentorship to firms in both nations.

Enhancing air connectivity is a crucial facet of our collaboration. An essential factor in increasing commerce and investment will be the improvement of direct flights between the two countries, facilitating the flow of people and products.

Additionally, both nations are dedicated to enhancing digital infrastructure to guarantee smooth data transmission and communication. This will allow companies to collaborate effectively and use the internet’s potential to grow.

An exciting new era in international commerce and investment will begin in 2023 with the partnership between South Korea and Ireland. Both countries hope to achieve sustained growth, innovation, and prosperity by deepening their economic connections. This collaboration aims to promote deeper diplomatic ties, encourage entrepreneurs, and embrace technical breakthroughs in addition to trade. Ireland and South Korea will keep collaborating as the year progresses, telling a powerful story of mutual prosperity and teamwork.


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