LONDON: South Korean President Yoon Suk Yeol and First Lady Kim Keon Hee start a three-day journey to the UK on Tuesday (Nov 21), with King Charles III internet hosting his first state guests since his coronation.
Yoon will obtain the complete crimson carpet therapy, attending a state banquet at Buckingham Palace and lunching with the king and his spouse, Queen Camilla.
But it’s going to even be about enterprise, with Yoon and Prime Minister Rishi Sunak set to agree on deepening cooperation and launch negotiations on an upgraded free-trade deal.
“Trade and investment is expected to be a key focus of the visit, with … trade secretaries from both countries preparing to sign an agreement to launch the negotiations for an upgraded modern, world-leading Free Trade Agreement (FTA) on Wednesday,” stated Downing Street.
The UK authorities is eager to strike new offers with nations all over the world following its departure from the European Union, notably with fast-growing economies within the Indo-Pacific area.
President Yoon will handle parliament in a go to that his workplace says is a “sign that London considers Seoul a key partner in global cooperation and the Indo-Pacific region”.
Yoon will ship the speech, anticipated to be in English, on bilateral ties between the 2 nations and how you can increase the connection going ahead, in response to South Korean media.
Charles’s eldest son and inheritor Prince William and spouse Catherine will meet the guests on Tuesday morning, becoming a member of them for an official welcoming ceremony at Horse Guards Parade in central London.
The couple will then get the complete royal therapy, attending a grand state banquet on the close by palace.
It is the primary time the king has hosted a state go to since he was formally topped in May.
Yoon informed his cupboard final week that “the upcoming visit will serve as a springboard for further deepening economic cooperation between the two countries,” in response to native media.
That cooperation will centre on science and expertise, with South Korea aiming to increase enterprise alternatives and high-tech business provide chains, he added.
Major enterprise figures together with Samsung Electronics Chairman Lee Jae-yong and Hyundai Motor chief Chung Eui-sun will be a part of Yoon on the go to.
“As two nations focused on innovation, harnessing new technologies and defending the international rules-based order, the UK and Republic of Korea are natural partners,” Sunak stated forward of the go to.
The UK final yr launched session for an enhanced free commerce settlement, to improve the prevailing accord which replicates the EU’s settlement with South Korea.
UK ministers are eyeing an enlargement of exports in digital, enterprise and monetary companies.
Total commerce in items and companies between the UK and South Korea was £16.1 billion (US$20.1 billion) within the yr to the top of second quarter this yr.
Defence cooperation can even be on the agenda, with each nations pledging to step up joint coaching and operations “to create the most comprehensive exercise regime between the UK and any partner other than the US”, stated Downing Street.
Science ministers from each nations are additionally anticipated to signal a memorandum of understanding on area cooperation, it added.