Seoul: South Korea and Australia hosted a joint forum on green businesses Wednesday in Seoul as part of efforts to bolster bilateral cooperation in clean energy and supply chains, Seoul's industry ministry said. The event aimed at strengthening ties between the two nations in tackling global carbon regulations and fostering advancements in climate and energy technologies.
According to Yonhap News Agency, the green economy partnership arrangement (EPA) business forum acted as a follow-up to the EPA signed by the two countries last December. This agreement is crafted to enhance collaboration in developing climate, energy, and supply chain technologies.
During the forum, companies from both countries explored opportunities to cooperate in clean energy, critical minerals, and carbon capture, utilization, and storage. The discussions highlighted the potential for both nations to integrate their strengths, with South Korea contributing its clean energy technologies and Australia providing its natural resources.
Trade Minister Cheong In-kyo expressed optimism about the forum's outcomes, emphasizing the potential for joint achievements in the global clean energy market. The collaboration between Seoul and Canberra is expected to pave the way for significant advancements in addressing global environmental challenges.