Trade Minister Yeo Han-koo / Yonhap
Trade ministers of Korea and Qatar agreed Wednesday to expand the two countries' cooperation in advanced industries, including artificial intelligence (AI) transformation of the manufacturing sector, semiconductor and biohealth, a Seoul ministry said.
Trade Minister Yeo Han-koo met with his Qatar counterpart, Ahmed bin Mohammed Al-Sayed, in Seoul to discuss ways to expand economic and investment cooperation between the two nations, according to the Ministry of Trade, Industry and Resources.
The ministers concurred to bolster bilateral cooperation in advanced industries by integrating Seoul's manufacturing capabilities and Qatar's capital and strong commitment to industrial diversification, the ministry said.
In particular, they discussed possible cooperation in the manufacturing AI and robotics sectors with Korea's push for the manufacturing AI transformation (M.AX) initiative.
Yeo also highlighted Korean biopharmaceutical firms' ongoing expansion into Qatar and the potential of local AI chip fabless companies, calling for investment collaboration in such areas.
He also commended the resilience of Qatar amid the ongoing conflict in the Middle East, reaffirming Seoul's commitment to energy cooperation with the country, according to the ministry.
"Going forward, we will continue to strengthen energy security based on our strategic partnership with Qatar while steadily expanding the scope of bilateral economic cooperation into future industries, such as manufacturing AI and biotechnology," Yeo was quoted as saying.
Source: Korea Times News
