{"id":2201365,"date":"2023-06-14T08:00:19","date_gmt":"2023-06-13T23:00:19","guid":{"rendered":"https:\/\/koreapro.org\/?p=2201365"},"modified":"2023-06-13T16:49:09","modified_gmt":"2023-06-13T07:49:09","slug":"south-koreas-largest-economic-delegation-heads-to-vietnam-under-yoons-lead","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2023\/06\/south-koreas-largest-economic-delegation-heads-to-vietnam-under-yoons-lead\/","title":{"rendered":"South Korea’s largest economic delegation heads to Vietnam under Yoon\u2019s lead"},"content":{"rendered":"

South Korean President Yoon Suk-yeol will <\/span>visit<\/span><\/a> Vietnam from June 22 to 24, marking his first official visit to an Association of Southeast Asian Nations (ASEAN) member state since taking office. The visit is reciprocating an <\/span>earlier visit<\/span><\/a> by Vietnamese President Vo Van Thuong to the ROK while he was a permanent member of the Vietnamese Party Central Committee\u2019s Secretariat. During his stay, Yoon will meet with Vietnam\u2019s top leadership, including President Thuong, Communist Party General Secretary Nguyen Phu Trong, Prime Minister Pham Minh Chinh and National Assembly Chairman Vuong Dinh Hue, aiming to discuss and expand the comprehensive strategic partnership between the two countries.<\/span><\/p>\n

The main objective of this visit is to bolster economic cooperation with Vietnam, one of South Korea\u2019s <\/span>top three<\/span><\/a> trading partners. Yoon will attend various economic events such as the Korea-Vietnam Partnership Expo, a luncheon with burgeoning businesses, a business forum and a dialogue with representatives of the digital future generation. A substantial economic delegation, the largest since Yoon\u2019s administration began, comprising 205 individuals from top Korean conglomerates and six major economic organizations, will accompany Yoon. Kim Tae-hyo, the first deputy director of the National Security Office, told reporters in a briefing that this delegation aims to enhance bilateral economic activities and extend cooperation into new areas like core mineral supply networks, renewable energy, innovative science and technology and smart cities.<\/span><\/p>\n

Dear readers,<\/span><\/i><\/p>\n

At KOREA PRO, we are committed to providing engaging and informative content tailored to our discerning audience. Recognizing the significance of your perspectives in enriching our offerings, we cordially extend an invitation for your participation in a brief <\/span><\/i>5-minute survey<\/span><\/i><\/a>. This opportunity allows us to capture your invaluable feedback and insights, which we greatly appreciate and consider integral to our ongoing commitment to service excellence.<\/span><\/i><\/p>\n

Why It Matters<\/b><\/p>\n

Yoon\u2019s visit reflects South Korea and Vietnam’s growing economic and strategic ties. By picking Vietnam as Yoon Suk-yeol\u2019s first visit to an ASEAN country, it signals South Korea\u2019s intent to deepen its engagement with Vietnam and other ASEAN nations as part of its broader <\/span>Indo-Pacific strategy<\/span><\/a>.<\/span><\/p>\n

Expanding trade and economic cooperation with ASEAN, and particularly Vietnam, is essential for South Korea, considering estimates that Vietnam possesses the world\u2019s <\/span>second-largest<\/span><\/a> estimated deposits of rare earth minerals. Vietnam has sought South Korean investments in its clean energy and mineral resource development sectors. Worsening bilateral relations between Seoul and Beijing makes economic cooperation with Vietnam an urgent matter.<\/span><\/p>\n

The presence of a large economic delegation, including representatives from top Korean conglomerates and major economic organizations, emphasizes the importance South Korea places on its relationship with Vietnam. This collaborative approach could pave the way for more significant strategic partnerships in the future, thereby fortifying South Korea\u2019s presence and influence in the Indo-Pacific region.<\/span><\/p>\n

Business & Economy<\/span><\/a>Inter-Korean & Foreign Relations<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"

South Korean President Yoon Suk-yeol will visit Vietnam from June 22 to 24, marking his first official visit to an Association of Southeast Asian Nations (ASEAN) member state since taking office. The visit is reciprocating an earlier visit by Vietnamese President Vo Van Thuong to the ROK while he was a permanent member of the […]<\/p>\n","protected":false},"author":10407,"featured_media":2201366,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,28],"class_list":["post-2201365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-inter-korean-foreign-relations"],"yoast_head":"\nSouth Korea's largest economic delegation heads to Vietnam under Yoon\u2019s lead - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2023\/06\/south-koreas-largest-economic-delegation-heads-to-vietnam-under-yoons-lead\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea's largest economic delegation heads to Vietnam under Yoon\u2019s lead - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"South Korean President Yoon Suk-yeol will visit Vietnam from June 22 to 24, marking his first official visit to an Association of Southeast Asian Nations (ASEAN) member state since taking office. 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