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S. Korea, EU to Expand Cooperation in Industrial Clusters

According to Yonhap News,

(SEOUL=Yonhap News) South Korea and the European Union have agreed to expand collaboration in industrial clusters to promote joint research and development (R&D) of advanced technologies between firms, Seoul's industry ministry said Thursday.

Lee In-ho, South Korean vice minister of Trade, Industry and Energy, signed an administrative agreement with Lowri Evans, directorate-general of EU's Internal Market, Industry, Entrepreneurship and SMEs, in their meeting in Brussels.

The agreement calls for stepping up cooperation between companies in industrial clusters and expanding information sharing in the latest R&D in various sectors.

The two sides also shared information on industry trends in eco-friendly vehicles, Internet of Things and robotics and agreed to explore ways to beef up cooperation in the emerging technology sectors, the ministry said.

Lee suggested the EU should work together to standardize the charging system for electric vehicles and to jointly develop hydrogen-fueled trucks through cooperative R&D, it noted.

The meeting marks the third gathering after leaders of South Korea and the EU agreed to set up a high-level consultation channel in 2013.

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Source Text

Source: Yonhap News (May 24, 2018)

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