ON Monday, South Korea’s industry ministry said the government will send an economic delegation to Finland, Estonia, and Lithuania to boost cooperation in various new industry fields such as battery, bio, and nuclear power generation.
According to the Ministry of Trade, Industry, and Energy, Minister Jeong Dae-jin was set to visit Estonia on Monday to have talks with ranking officials on how to enhance bilateral trade and industry relationships.
Included in the economic delegation are officials from SK Incorporated, Celltrion Incorporated, Korean Hydro & Nuclear Power Company as well as Hanwa Aerospace Company.
This group is scheduled to hold a business meeting with major companies and sign a memorandum of understanding with the Estonian government that calls for promoting bilateral investment.
The ministry said the delegation will head to Lithuania for discussion with senior government officials including vice economic minister Karolis Zemaitis for ways to further the bilateral economic relationship centering on trade, supply chains, and technology development.
And in Finland, the delegation will be holding a ceremony to mark an opening of an office tasked with evaluating electric vehicle batteries for the European market.
This is expected to support South Korean carmakers and secondary battery firms for a stronger market presence in Europe.
