South Korean President Yoon begins three-day UK state visit

LONDON: South Korean President Yoon Suk Yeol and First Girl Kim Keon Hee kicked off a three-day state go to to the UK on Tuesday, the primary hosted by King Charles III since his coronation in Might.
Yoon and his spouse, who landed in Britain on Monday, will obtain the complete red-carpet remedy through the event-packed go to, together with a ceremonial welcome from Charles and Queen Camilla Tuesday.
They’ll have a non-public lunch at Buckingham Palace, earlier than visiting Westminster Abbey — the place Charles was formally topped six months in the past — and parliament, in addition to attending a night state banquet again on the palace.
The journey may also be about enterprise, with Yoon and Prime Minister Rishi Sunak set to agree on deepening cooperation and launch negotiations on an upgraded free-trade deal.
“Commerce and funding is anticipated to be a key focus of the go to, with… commerce secretaries from each nations making ready to signal an settlement to launch the negotiations for an upgraded fashionable, world-leading Free Commerce Settlement (FTA) on Wednesday,” mentioned Downing Avenue.
The UK authorities is eager to strike new offers with nations world wide following its departure from the European Union, significantly with fast-growing economies within the Indo-Pacific area.
– ‘Springboard’ –
President Yoon will tackle lawmakers in parliament throughout his cease there Tuesday, along with his workplace saying the go to represents a “signal that London considers Seoul a key accomplice in world cooperation and the Indo-Pacific area”.
Yoon will ship the speech, anticipated to be in English, on bilateral ties between the 2 nations and increase the connection going ahead, in keeping with South Korean media.
Charles’s eldest son and inheritor Prince William and spouse Catherine will meet the guests earlier, becoming a member of them for an official welcoming ceremony at Horse Guards Parade in central London.
The couple will then get the complete royal remedy, attending the grand state banquet on the close by palace.
Yoon advised his cupboard final week that “the upcoming go to will function a springboard for additional deepening financial cooperation between the 2 nations,” in keeping with native media.
That cooperation will centre on science and know-how, with South Korea aiming to broaden enterprise alternatives and high-tech business provide chains, he added.
Main enterprise figures together with Samsung Electronics Chairman Lee Jae-yong and Hyundai Motor chief Chung Eui-sun will be part of Yoon on the go to.
“As two nations centered on innovation, harnessing new applied sciences and defending the worldwide rules-based order, the UK and Republic of Korea are pure companions,” Sunak mentioned forward of the go to.
– ‘New alternatives’ –
The UK final 12 months launched a session for an enhanced free commerce settlement, to improve the prevailing accord which replicates the EU’s settlement with South Korea.
UK ministers are eyeing an enlargement of exports in digital, enterprise and monetary providers.
Complete commerce in items and providers between the UK and South Korea was £16.1 billion ($20.1 billion) within the 12 months to the tip of second quarter this 12 months.
Commerce Secretary Kemi Badenoch will launch the talks Wednesday along with her South Korean counterpart at a UK-Korea enterprise discussion board happening alongside the state go to.
The 2 nations are set to announce £21 billion of investments in inexperienced vitality and infrastructure tasks throughout the UK on the discussion board, in keeping with her ministry.
It famous the present commerce pact between them doesn’t embrace particular chapters on digital components of their economies.
Badenoch mentioned an enhanced deal would increase Britain’s important providers sector, whereas additionally creating “new alternatives” for UK exports in meals and luxurious items sectors.
Defence cooperation may also be on the agenda, with each nations pledging to step up joint coaching and operations “to create probably the most complete train regime between the UK and any accomplice apart from the US”, Downing Avenue mentioned.
Science ministers from each nations are additionally anticipated to signal a memorandum of understanding on area cooperation, it added.

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