South Korea’s Lee Jae Myung touts expanded strategic ties with Italy

Lee says S. Korea, Italy are 'optimal partners' for business cooperation

ROME — President Lee Jae Myung said Friday that South Korea and Italy are optimal partners for business cooperation and that the countries could build a "new industrial order" by working together. Lee made the remarks in his opening remarks at a business roundtable in Rome, held to explore ways to enhance economic cooperation between South Korea and Italy. During his summit with Italian President Sergio Mattarella a day earlier, the two leaders agreed to elevate bilateral ties to a special strategic partnership and explore ways to expand cooperation in semiconductors, artificial intelligence (AI) and other strategic areas. "With Italy being a powerhouse in basic science with creative engineering and design capabilities, while South Korea is a powerhouse in advanced manufacturing with innovative technological capabilities, the two countries are optimal partners," Lee said. Amid a rapidly changing global economy driven by deepening technological competition and restructuring supply chains, the two countries could establish a new industrial order and create an innovative ecosystem if they

2 days ago

Lee hopes S. Korea, Italy will work together to promote free trade, multilateralism

ROME — President Lee Jae Myung on Friday expressed hope that South Korea and Italy will work together to promote global free trade and multilateralism, during his talks with Italian Prime Minister Giorgia Meloni in Rome, Seoul's presidential office said. Lee and Meloni met in the Italian capital to discuss bilateral cooperation during the South Korean president's ongoing state visit to Italy. It marked the two leaders' second meeting this year after they met in Seoul in January. A day earlier, Lee and Italian President Sergio Mattarella held talks and agreed to elevate bilateral ties to a special strategic partnership. "We discussed last time that a rule-based international order is important. I hope both sides will make joint efforts to promote cooperation and development in areas, such as free trade and multilateralism," Lee was quoted by his office as saying in his opening remarks. "It seems that establishing a new cooperation framework (between the two countries) is necessary," he added, stressing that this makes South Korea-Italy cooperation particularly meaningful. He went on to s

2 days ago

Lee to attend business roundtable in Rome to explore Korea-Italy economic cooperation

President Lee Jae Myung plans to attend a business roundtable in Rome on Friday to explore ways to enhance economic cooperation between South Korea and Italy, with Samsung Electronics Co. Chairman Lee Jae-yong also scheduled to participate. During the roundtable scheduled for the evening at a hotel in Rome, Lee is expected to deliver a keynote speech emphasizing the importance of bilateral economic cooperation amid the changing business landscape driven by the emergence of artificial intelligence (AI) technology and the restructuring of supply chains. During his summit with Italian President Sergio Mattarella a day earlier, the two leaders agreed to elevate bilateral ties to a special strategic partnership and explore ways to expand cooperation into semiconductors, AI and other strategic areas. Business leaders from 30 companies from both countries are scheduled to attend the event, including Ryu Jin, chairman of the Federation of Korean Industries; Samsung Electronics' Chairman Lee; Hyosung Group Chairman Cho Hyun-joon; Hyundai Motor Co. President Sung Kim; and Naver CEO Choi Soo-yeon.

2 days ago