City
Epaper

S. Korea, Germany discuss ways of stronger industry ties during ministerial talks

By IANS | Updated: June 21, 2024 09:40 IST

Seoul, June 21 South Korea's Industry Minister Ahn Duk-geun met with Germany's top economic policymaker in Seoul on ...

Open in App

Seoul, June 21 South Korea's Industry Minister Ahn Duk-geun met with Germany's top economic policymaker in Seoul on Friday to discuss ways of enhancing bilateral relations on advanced industries, energy and broader economic ties, officials said.

Germany's Vice Chancellor Robert Habeck, who doubles as federal minister for economic affairs and climate action, is in South Korea along with an economic delegation involving 13 companies, including Brainlab, Max Bogl Stiftung, Voss Holding, Haverkamp and Satorius, according to the Ministry of Trade, Industry and Energy.

During the meeting, the two sides agreed to strengthen cooperation on standards and data sharing fields for digital transition and for the industrial use of artificial intelligence, reports Yonhap news agency.

They also vowed to strengthen cooperation on the future mobility and other advanced industries through joint research and development projects.

"It is crucial for like-minded people to work together amid rising global uncertainties," Ahn said. "South Korea and Germany have similar industry structures and will become key partners in efforts for boosting industry competitiveness and achieving net-zero goals."

Trade volume between the two nations reached an all-time high of $33.9 billion last year, government data showed.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalUS Congressman Krishnamoorthi calls for unity against terrorism, prevention of further escalation between India-Pak

CricketGautam Gambhir and other Indian cricketers applauds Rohit Sharma on his retirement from Test

NationalMock drill conducted in Sikkim's Gangtok

CricketBrevis, Dube star as CSK edge past KKR in thriller at Eden Gardens

CricketBomb threat during KKR vs CSK IPL match at Eden Gardens; CAB confirms probe underway

Business Realted Stories

BusinessReliance Jio added 2.17 mn new mobile users in March out of total 2.93 mn

BusinessCentre launches portal to boost non-ferrous metal recycling ecosystem

BusinessCentre invites expert comments to develop India's Climate Finance Taxonomy for Net Zero goal

BusinessC-DOT, CSIR-NPL sign MoU to boost joint research in classical and quantum communications

BusinessIndia's wireless subscriber base hits 1.16 billion in March, grows 0.28% monthly: TRAI