Foreign Economic Ministers' Meeting...
"Full Support for Securing $41.2 Billion in Overseas Plant Orders"
Koo Yoon-chul, Deputy Prime Minister and Minister of Economy and Finance, is attending the Foreign Economic Ministers' Meeting held at the Government Seoul Office in Jongno-gu, Seoul on the 26th, speaking about the economic achievements of the Korea-China and Korea-Japan summit meetings and plans for follow-up measures. 2026.1.26 Photo by Jo Yongjun
Koo Yoon-chul, Deputy Prime Minister and Minister of Economy and Finance, stated on the 26th, "Our President's visit to China after nine years marks a significant achievement in fully restoring Korea-China relations and laying the foundation for future-oriented cooperation."
During his opening remarks at the Foreign Economic Ministers' Meeting held at the Government Seoul Office that morning, Deputy Prime Minister Koo said, "We have created a turning point by expanding the scope of cooperation beyond the traditional focus on manufacturing to areas that directly impact people's lives, such as consumer goods and services, as well as by broadening the channels of collaboration."
He continued, "With shuttle diplomacy now established between Korea and Japan, both countries have agreed to deepen cooperation in advanced technology sectors such as artificial intelligence (AI) and semiconductors. Discussions have also taken place to further increase both the depth and breadth of cooperation in future industries. We will clearly define implementation tasks based on the agreements reached at the summit and ensure seamless follow-up measures through inter-ministerial collaboration."
Referring to the outcomes of international discussions on critical minerals, he said, "With the growing strategic importance of critical minerals due to the advancement of AI, semiconductors, and secondary batteries, international discussions aimed at stabilizing supply chains are becoming more intensive. We will actively participate in these international discussions, clarify the direction of global cooperation, and systematically manage these efforts through public-private partnerships."
He also stated, "The government will provide comprehensive support to help the industry achieve its target of securing 41.2 billion dollars in overseas plant orders."
Deputy Prime Minister Koo added, "We will consistently implement support measures for overseas plant orders at every stage-from project discovery and overcoming challenges during negotiations and contract processes, to the execution phase after securing orders."
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