{"id":2201569,"date":"2023-07-03T08:00:30","date_gmt":"2023-07-02T23:00:30","guid":{"rendered":"https:\/\/koreapro.org\/?p=2201569"},"modified":"2023-07-02T23:11:52","modified_gmt":"2023-07-02T14:11:52","slug":"prime-minister-han-boosts-south-koreas-diplomatic-presence-in-the-caribbean","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2023\/07\/prime-minister-han-boosts-south-koreas-diplomatic-presence-in-the-caribbean\/","title":{"rendered":"Prime Minister Han boosts South Korea\u2019s diplomatic presence in the Caribbean"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">South Korean Prime Minister Han Duck-soo <\/span><a href=\"https:\/\/www.opm.go.kr\/opm\/prime\/oversea.do?mode=view&amp;articleNo=154039&amp;article.offset=0&amp;articleLimit=10\"><span style=\"font-weight: 400;\">embarked<\/span><\/a><span style=\"font-weight: 400;\"> on an 8-day diplomatic trip to Trinidad and Tobago and Panama on July 2, with an agenda centered around fostering development collaborations with Central and South American countries and garnering support for Busan\u2019s 2030 World Expo bid. Marking a historic first attendance by a South Korean leader, Han will attend the 45th Caribbean Community (<\/span><a href=\"https:\/\/caricom.org\/\"><span style=\"font-weight: 400;\">CARICOM<\/span><\/a><span style=\"font-weight: 400;\">) Summit in Trinidad and Tobago, where he plans to present strategies to bolster South Korea-Caribbean collaboration, such as the creation of a Korea-Caribbean Marine Joint Research Center and an Agricultural Technology Innovation Platform. In addition, Han is expected to propose a Memorandum of Understanding (MOU) between South Korea\u2019s Ministry of Strategy and Finance and the Caribbean Development Bank to provide a framework for tailored development cooperation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The latter part of Han\u2019s trip will see him making an official two-day visit to Panama on July 5, marking the first such visit by a South Korean leader since 2010. He is expected to meet with Panamanian President Laurentino Cortizo to discuss the expansion of bilateral cooperation in fields including trade, investment, infrastructure, resources and energy. Moreover, Han plans to visit the construction site of the Line 3 metro in Panama City, a major infrastructure project involving Korean corporations, signifying the broadened scope of Korea\u2019s international cooperation and developmental support.<\/span><\/p>\n<p><b>Why It Matters<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Prime Minister Han Deok-soo\u2019s visit to Trinidad and Tobago and Panama, including his participation in the Caribbean Community (CARICOM) Summit, signals South Korea\u2019s commitment to deepening relationships with Latin American and Caribbean nations. Han <\/span><a href=\"https:\/\/www.opm.go.kr\/opm\/news\/press-release.do?mode=view&amp;articleNo=151499&amp;article.offset=420&amp;articleLimit=10\"><span style=\"font-weight: 400;\">delivered<\/span><\/a><span style=\"font-weight: 400;\"> a keynote lecture at the Economic Commission for Latin America and the Caribbean (ECLAC) in Chile in Oct. 2022, highlighting the need for enhanced cooperation between South Korea and Latin America. While not a Caribbean nation, Chile is the world\u2019s <\/span><a href=\"https:\/\/www.reuters.com\/world\/americas\/chile-lithium-move-latest-global-resource-nationalism-trend-2023-04-21\/\"><span style=\"font-weight: 400;\">second-largest producer of lithium<\/span><\/a><span style=\"font-weight: 400;\">, a key component in batteries used in electric vehicles.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">South Korea stands to gain from expanded partnerships with Latin American and Caribbean nations, especially given the discovery of large deposits of <\/span><a href=\"https:\/\/jis.gov.jm\/large-deposits-of-rare-earth-elements\/\"><span style=\"font-weight: 400;\">rare earth minerals<\/span><\/a><span style=\"font-weight: 400;\"> in Jamaica, which are critical for advancing a sustainable, green economy. South Korea\u2019s interests also extend to seeking support for its bid to host the 2030 World Expo, and Caribbean nations\u2019 backing could significantly bolster its prospects.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">South Korea\u2019s engagement with the region also aligns with its <\/span><a href=\"https:\/\/www.nknews.org\/wp-content\/uploads\/2022\/12\/ROK-Indo-Pacific-Strategy-Dec-2022.pdf\"><span style=\"font-weight: 400;\">Indo-Pacific Strategy<\/span><\/a><span style=\"font-weight: 400;\">, which underscores its intention to bolster regional multilateral cooperation networks. This includes interaction with Latin American and Caribbean regional communities such as the Pacific Alliance, which comprises Chile, Colombia, Mexico and Peru and blocs like <\/span><a href=\"https:\/\/www.mercosur.int\/en\/\"><span style=\"font-weight: 400;\">Mercosur<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.sica.int\/sica\/vista_en.aspx\"><span style=\"font-weight: 400;\">SICA<\/span><\/a><span style=\"font-weight: 400;\"> and CARICOM.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/inter-korean-foreign-relations\/\"><span class=\"tag\">Inter-Korean &amp; Foreign Relations<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>South Korean Prime Minister Han Duck-soo embarked on an 8-day diplomatic trip to Trinidad and Tobago and Panama on July 2, with an agenda centered around fostering development collaborations with Central and South American countries and garnering support for Busan\u2019s 2030 World Expo bid. Marking a historic first attendance by a South Korean leader, Han [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2201570,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,28],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Prime Minister Han boosts South Korea\u2019s diplomatic presence in the Caribbean - 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\/07\/prime-minister-han-boosts-south-koreas-diplomatic-presence-in-the-caribbean\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prime Minister Han boosts South Korea\u2019s diplomatic presence in the Caribbean - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"South Korean Prime Minister Han Duck-soo embarked on an 8-day diplomatic trip to Trinidad and Tobago and Panama on July 2, with an agenda centered around fostering development collaborations with Central and South American countries and garnering support for Busan\u2019s 2030 World Expo bid. 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