Vice Commerce Minister Park Jung-sung, Could 1 / Yonhap
Vice Commerce Minister Park Jung-sung met together with his Norwegian counterpart on Tuesday to debate methods to boost bilateral financial partnership in a “pragmatic” method amid international commerce uncertainties, officers mentioned.
Of their assembly in Seoul, Park and Norwegian Vice Commerce Minister Ragnhild Sjoner Syrstad agreed on the necessity to bolster the international locations’ cooperation in provide chain stability and industrial competitiveness, the Ministry of Commerce, Business and Sources mentioned.
They agreed to proceed talks to determine a practical partnership, commending the deliberate resumption of the Korea-Norway Financial Cooperation Committee (KNECC) in 10 years, which is predicted to assist the 2 international locations discover joint tasks based mostly on personal sector demand.
The Federation of Korean Industries (FKI), a serious Korean enterprise foyer, and the Confederation of Norwegian Enterprises are scheduled to signal a memorandum of understanding for the reactivation of the KNECC, which final held a gathering in 2016, on Wednesday.
Combining Korea’s strengths within the manufacturing and ICT industries and Norway’s maritime and power experience, the 2 international locations will be capable to see vital synergies, Park mentioned, citing inexperienced transition and provide chains as distinguished fields for bilateral cooperation.
