Korea, Italy boost cooperation in innovation, green economy

Korea and Italy pledged Friday to deepen economic cooperation in technology and innovation, focusing on future-oriented sectors such as the green economy, health care and smart mobility. The Italy-Korea Business Forum 2025, held at the Lotte Hotel in Seoul, drew 115 companies — 29 from Italy and 66 from Korea — and facilitated around 160 business-to-business meetings. The program featured an opening ceremony, high-level roundtable on bilateral economic relations and sectoral seminars covering artificial intelligence (AI), semiconductors, robotics, health care and green industries. Since the 2012 Korea-EU free trade agreement, trade between Italy and Korea has grown steadily, rising from $8.08 billion in 2012 to $12.6 billion in 2024, a 55.9 percent increase. Korea is now the largest per capita consumer of Italian products in Asia, with more than half of imports concentrated in luxury and fashion goods. Deputy Trade, Industry and Energy Minister Park Jong-won underscored the importance of advancing the partnership into new areas. “This forum offers an important opportunity to explorWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times