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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 seeks stronger economic and security ties on UK state visit

South Korea's President Yoon Suk Yeol speaks during a summit discussion, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, at the Stanford, California, U.S., November 17, 2023. REUTERS/Brittany Hosea-Small/File photo
South Korea's President Yoon Suk Yeol speaks during a summit discussion, on the sidelines of th... South Korea's President Yoon Suk Yeol speaks during a summit discussion, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, at the Stanford, California, U.S., November 17, 2023. REUTERS/Brittany Hosea-Small/File photo
South Korea's President Yoon Suk Yeol speaks during a summit discussion, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, at the Stanford, California, U.S., November 17, 2023. REUTERS/Brittany Hosea-Small/File photo
South Korea's President Yoon Suk Yeol speaks during a summit discussion, on the sidelines of th... South Korea's President Yoon Suk Yeol speaks during a summit discussion, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, at the Stanford, California, U.S., November 17, 2023. REUTERS/Brittany Hosea-Small/File photo

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On Monday, South Korean President Yoon Suk Yeol will visit Britain to strengthen security cooperation and foster commercial relations to combat North Korea’s growing threats and other regional issues.

Yoon’s four-day visit, which coincides with North Korea reportedly preparing for another attempt to launch its first spy satellite, will be the first state visit by Britain since King Charles’ coronation.

During an interview with The Telegraph, Yoon stated that the conflicts in the South China Sea, developing relations between North Korea and Russia, and the battles in Gaza and Ukraine had forced him to look for “very close security cooperation” with the West.

There will be a lot of fanfare and formalities for the president. According to the palace, a guard of honor will welcome Yoon at Buckingham Palace and escort him there. On Wednesday, he will meet with Prime Minister Rishi Sunak, and they will sign an agreement to deepen their bilateral relationship.

According to the Telegraph, supply chains and energy security are only two of the “array of geopolitical risks” on which Yoon has voiced a desire for increased cooperation with Britain.

Yoon’s spokeswoman, Lee Do-woon, stated, “The two countries have more room to cooperate on the economic front,” pointing out that last year’s bilateral trade was valued at $12.1 billion, ranking sixth among European nations.

After returning from the APEC meeting in San Francisco, where he advocated for a concerted response to strengthening military relations between North Korea and Russia, Yoon is visiting. According to his office, Yoon will travel from Britain to France to strengthen support for South Korea’s bid to host the 2030 World Expo.

The International Bureau of Expositions, the organization that organizes the exhibition, is set to hold a vote among its member states this month to choose the expo host. The company’s main office is located in Paris.


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