Mexican foreign minister to visit South Korea to boost bilateral investment

Mexico's Secretary of Foreign Affairs, Roberto Velasco Álvarez, is set to undertake a working visit to South Korea from August 23 to 25. The primary objective of this trip is to foster bilateral investment and strengthen ties between the two nations. During his visit, Velasco will hold key meetings with South Korean Foreign Minister Cho Hyun and National Security Advisor Wi Sung-lac. Discussions are expected to cover geopolitical matters and multilateral cooperation, underscoring the strategic importance of the relationship. The Mexican diplomat will also engage with prominent figures in the South Korean technology sector. Meetings are scheduled with So Young Kim, Vice President of the Center for Scientific Diplomacy at the Korea Advanced Institute of Science and Technology (KAIST), and executives from leading tech firms, including Namkoong Hong, President of Samsung E&A, and Ko Yunju, President of LG's Global Strategy Center. This engagement with the private sector aims to consolidate new capital flows into Mexico's national industry. Furthermore, the visit seeks to open avenues for collaboration in technological innovation, culture, and education for the coming years. The Ministry of Foreign Affairs (SRE) highlighted that this tour is intended to deepen a historic diplomatic relationship. South Korea currently stands as Mexico's third-largest global trading partner and is a significant foreign investor in Mexico's manufacturing sector. In recent years, both nations have intensified their industrial connections, a trend mirrored in sociocultural exchanges, evidenced by the growing popularity of Korean culture, music, and cuisine among Mexicans.

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This visit will allow consolidating new capital flows towards the national industry, in addition to opening routes for collaboration in technological innovation, culture, and education for the coming years.