{"id":2201842,"date":"2023-07-31T08:00:22","date_gmt":"2023-07-30T23:00:22","guid":{"rendered":"https:\/\/koreapro.org\/?p=2201842"},"modified":"2023-07-30T23:40:35","modified_gmt":"2023-07-30T14:40:35","slug":"south-korea-pledges-aid-and-to-strengthen-ties-amid-diplomatic-talks-in-turkey","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2023\/07\/south-korea-pledges-aid-and-to-strengthen-ties-amid-diplomatic-talks-in-turkey\/","title":{"rendered":"South Korea pledges aid and to strengthen ties amid diplomatic talks in Turkey"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">During his <\/span><a href=\"https:\/\/www.mofa.go.kr\/www\/brd\/m_4080\/view.do?seq=373944\"><span style=\"font-weight: 400;\">official visit<\/span><\/a><span style=\"font-weight: 400;\"> to Turkey from July 28 to 30, South Korean foreign minister Park Jin met with Yunus Sezer, governor of Turkey\u2019s Disaster and Emergency Management Authority (AFAD). Park expressed condolences for the casualties and damages caused by the <\/span><a href=\"https:\/\/www.bbc.com\/news\/science-environment-64540696\"><span style=\"font-weight: 400;\">February earthquake<\/span><\/a><span style=\"font-weight: 400;\">, highlighting South Korea\u2019s continued <\/span><a href=\"https:\/\/en.yna.co.kr\/view\/AEN20230308005700325\"><span style=\"font-weight: 400;\">commitment<\/span><\/a><span style=\"font-weight: 400;\"> to aiding the displaced victims. Initial emergency assistance has been followed by plans for constructing temporary shelters in the Antakya region in partnership with the private sector. The meeting also included a tour of key facilities such as the Earthquake Monitoring Center and deliberations on South Korea\u2019s current assistance and future collaboration plans. This support includes a pledge of over $10 million for building shelters for survivors and dispatching a disaster relief team.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sezer provided details on the vast impact of the February earthquake, which led to the displacement of three million people and the collapse of 26,000 buildings. He expressed his gratitude for South Korea\u2019s aid response.<\/span><\/p>\n<p><b>Why It Matters<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The financial aid from South Korea to Turkey carries strategic importance as the two countries have been working toward strengthening their bilateral economic ties. For instance, the Korea Electric Power Corporation (KEPCO), South Korea\u2019s leading electric utility company, submitted a <\/span><a href=\"https:\/\/en.yna.co.kr\/view\/AEN20230131004200320\"><span style=\"font-weight: 400;\">preliminary proposal<\/span><\/a><span style=\"font-weight: 400;\"> in January to construct four APR-1400 nuclear reactors in northern Turkey. The project is forecast to be worth about $32.55 billion. If it moves forward, it would contribute to Turkey\u2019s energy security and also provide a substantial boost to South Korea\u2019s standing in the global nuclear energy market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, in the defense sector, South Korea\u2019s SNT Dynamics and Hyundai Doosan Infracore Company have both entered significant deals with <\/span><a href=\"https:\/\/www.bmc.com.tr\/en\"><span style=\"font-weight: 400;\">BMC<\/span><\/a><span style=\"font-weight: 400;\">, one of Turkey\u2019s largest commercial and military vehicle manufacturers. In a $217.9 million deal, SNT Dynamics <\/span><a href=\"https:\/\/www.hisntd.com\/kor\/about\/news.html?bbsData=bm89MTk2OQ==%7C%7C&amp;mode=view\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> in January that it would supply BMC with a 1,500-horsepower automatic transmission until 2030 for its Altay battle tank project.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Similarly, Hyundai Doosan Infracore Company won a $255.5 million defense deal from Turkey to <\/span><a href=\"https:\/\/www.hd-infracore.com\/kr\/search?query=bmc\"><span style=\"font-weight: 400;\">supply<\/span><\/a><span style=\"font-weight: 400;\"> 1,500 horsepower tank engines to the same Altay battle tank project. The South Korean construction equipment manufacturer is set to deliver the first batch of tank engines between 2023 and 2025, with the rest scheduled for delivery in the 2028 to 2030 period. These ongoing collaborations between South Korean and Turkish companies across different sectors, along with the financial aid extended in response to the recent earthquake, exemplify South Korea\u2019s strategic approach to strengthening ties with Turkey.<\/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>During his official visit to Turkey from July 28 to 30, South Korean foreign minister Park Jin met with Yunus Sezer, governor of Turkey\u2019s Disaster and Emergency Management Authority (AFAD). Park expressed condolences for the casualties and damages caused by the February earthquake, highlighting South Korea\u2019s continued commitment to aiding the displaced victims. Initial emergency [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2201843,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,28],"class_list":["post-2201842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-inter-korean-foreign-relations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea pledges aid and to strengthen ties amid diplomatic talks in Turkey - 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\/south-korea-pledges-aid-and-to-strengthen-ties-amid-diplomatic-talks-in-turkey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea pledges aid and to strengthen ties amid diplomatic talks in Turkey - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"During his official visit to Turkey from July 28 to 30, South Korean foreign minister Park Jin met with Yunus Sezer, governor of Turkey\u2019s Disaster and Emergency Management Authority (AFAD). Park expressed condolences for the casualties and damages caused by the February earthquake, highlighting South Korea\u2019s continued commitment to aiding the displaced victims. 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