Posts tagged ‘Park Geun-hye’

01/11/2015

Japan, China and South Korea ‘restore’ fraught ties – BBC News

The leaders of Japan, China and South Korea say they have “completely restored” trade and security ties, at their first meeting in three years.

Japanese Prime Minister Shinzo Abe, South Korean President Park Geun-hye and Chinese Premier Li Keqiang meet for trilateral meeting in Seoul - 1 November

They said in a statement they had agreed to resume regular trilateral meetings, not held since 2012. They also agreed more economic co-operation.

The talks in the South Korean capital Seoul were an attempt to ease ill-feeling fuelled by territorial disputes and historical disagreements. China and South Korea say Japan has not done enough to atone for its troops’ brutality in World War Two.

The BBC’s Stephen Evans in Seoul says the real significance of the talks is that they happened. They were held regularly until three-and-a-half years ago, when they were called off as bad feeling towards Japan intensified. “We shared the view that trilateral cooperation has been completely restored on the occasion of this summit,” South Korean President Park Geun-hye, Chinese Premier Li Keqiang and Japanese Prime Minister Shinzo Abe said in a joint statement, quoted by AFP.

Ms Park said the three leaders had agreed to work together to conclude the Regional Comprehensive Economic Partnership (RCEP), a 16-nation free trade area favoured by Beijing. She said they maintained their goal of “denuclearising” North Korea, AFP reported.

Our correspondent says that South Korea and Japan are torn between their allegiance to the US and their need to get on economically with Beijing. Mr Li met Ms Park on Saturday and the two agreed to try to increase trade, particularly through more Korean exports of food to China and co-operation on research into robotics. The two leaders were joined by Mr Abe on Sunday.

Source: Japan, China and South Korea ‘restore’ fraught ties – BBC News

18/05/2015

Narendra Modi arrives in South Korea on final leg of tri-nation tour – The Hindu

Prime Minister Narendra Modi arrived in Seoul on Monday on the last leg of his three-nation visit during which he will hold talks with the South Korean leadership aiming to give a fillip to economic and trade cooperation.

Prime Minister Narendra Modi at the Seoul National Cemetery. Photo: PIB

A slew of agreements are expected to be signed during the visit including one on Double Taxation Avoidance Convention, cooperation in shipping and logistics, audiovisual co-production, transport, highways and electric power development in new energy industries.

The Prime Minister, who flew in from Mongolia after his three-day visit to China, will hold talks on the entire gamut of bilateral, regional and global issues with President Park Geun-hye and explore ways to upgrade cooperation in diversified areas.

He will have a hectic schedule that will start with a wreath—laying ceremony at the Seoul National Cemetery.

Mr. Modi will address a community reception where about 1,500 members of the Indian community are expected to attend before getting into talks with the Korean President.

Mr. Modi, who is keen to woo Korean investments in India, will address India—Republic of Korea CEOs Forum, which would also be attended by the Korean President.

The Prime Minister will follow this up with meetings with some of the heads of Korean companies that are willing to invest in India or have already invested in India.

He will also visit the Hyundai Heavy Industries shipyard in the backdrop of shipbuilding emerging as an important area of cooperation between the two countries.

via Narendra Modi arrives in South Korea on final leg of tri-nation tour – The Hindu.

11/01/2014

Posco plant in India gets environment clearance – Businessweek

India\’s environment ministry has cleared South Korean steel giant Posco\’s planned $13 billion steel plant in eastern India but has asked the company to spend more on social welfare, an official said Friday.

The clearance was given a few days ago and will allow Posco to go ahead with the massive plant in Odisha state, the official said on condition of anonymity because he was not authorized to speak to the media. He did not give further details.

The clearance comes days before South Korean President Park Geun-hye is to begin a four-day visit to India on Jan. 15.

The Odisha steel plant would be the largest-ever foreign investment in India. The country has been embroiled in fierce debates over how to protect its environment while lifting hundreds of millions of people out of poverty through investment and infrastructure development.

via Posco plant in India gets environment clearance – Businessweek.

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