Building strong bilateral relations will dominate Tsipras’ meeting with S. Korean counterpart

Prime Minister Alexis Tsipras will meet with his South Korean counterpart Lee Nak-yon on Monday. The meeting is considered critical following recent economic figures confirming that Greece is exiting the crisis and showing that investments exceeded 2 billion euros in the seven month period.

There is high regard for Greek culture in South Korea and awareness that the country offers many economic opportunities.

Meanwhile, South Korean Ambassador to Greece Ahn Young-Jip sent a message through the Athens-Macedonian News Agency that the two countries share the right features for building strong bilateral relations.

The reason for Lee Nak-yon’s visit is to receive the Olympic Flame for the PyeongChang Winter Olympics (at a ceremony on Tuesday in Ancient Olympia). However, economic cooperation will be at the centre of his visit. High technology, shipyards, agro-food products, e-government, inter-university cooperation are among the areas where Greece aspires to clinch important agreements.

In the field of high technology, giant companies such as Samsung have already expressed interest in cooperation, while the Korean company has acquired the Greek high-tech company Innoetics. According to the same sources, South Korea has expressed interest in ship spare parts. Significant interest has also been expressed in agro-food products, with South Korea wishing to import feta, oil, wine and olives.