Spain, South Korea agree to strengthen ties on state visit

Madrid, Jun 16 (EFE).- Spain and South Korea agreed Wednesday to open an era of cooperation and joint prosperity between the two countries.

South Korean president Moon Jae-in’s three-day state visit to Spain is an opportunity for the countries to strengthen their trade and investment ties in the post-pandemic era, Moon and Spain’s Prime Minister Pedro Sanchez said.

Spain and Korea committed to a $4.8 billion dollar trade agreement, which is “only the first step” in building relations between the countries, according to Moon.

Moon also highlighted the importance of Spanish renewable energy companies and digital infrastructure, which he said he would “actively” support.

Spain and Korea have economic and political similarities and can help each other in the recovery of the coronavirus pandemic, according to Sanchez.

The South Korean president is the first foreign official to make a formal state visit to Spain since the pandemic began. EFE

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