Yoon: South Korea and Italy are optimal partners for AI, semiconductor, and space cooperation

South Korean President Yoon Suk Yeol has declared Italy an "optimal partner" for his nation, emphasizing the synergistic potential between the two countries' advanced manufacturing and creative engineering capabilities. Visiting Italy for a state visit following the G7 summit, Yoon highlighted that as global uncertainties rise, reliable partnerships become crucial for maintaining competitiveness in technology, talent, and supply chains.

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As global uncertainties rise, reliable partnerships become crucial for maintaining competitiveness in technology, talent, and supply chains.

Speaking at a Korea-Italy business roundtable in Rome, Yoon expressed his pleasure in discussing future cooperation in Italy, a nation he credited with achieving leaps in civilization through the combination of art, science, creativity, and reason. He believes that by joining forces, South Korea and Italy can create significant synergy, jointly designing a new industrial order and innovation ecosystem.

Yoon pointed to Italy as South Korea's fourth-largest trading partner within the European Union. He noted that given the economic scale and manufacturing prowess of both nations, there is ample room for increased trade and investment, underscoring the substantial potential for economic cooperation.

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By joining forces, South Korea and Italy can create significant synergy, jointly designing a new industrial order and innovation ecosystem.

Key areas identified for collaboration include strategic, high-tech sectors such as artificial intelligence, semiconductors, and aerospace. Additionally, Yoon stressed the importance of building robust supply chains in the energy infrastructure sector to support these advanced industries. The roundtable was attended by prominent South Korean business leaders, including Samsung Electronics Chairman Lee Jae-yong and LS Group Chairman Koo Ja-eun.

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Given the economic scale and manufacturing prowess of both nations, there is ample room for increased trade and investment, underscoring the substantial potential for economic cooperation.