SEOUL – The presidents of Chile and South Korea stressed on Monday the importance of strengthening bilateral relations and trade cooperation amid a global digital revolution.
During a meeting in Seoul, Sebastian Piñera and Moon Jae-in also signed three memorandums of understanding on digital governance, transport and information and communications technologies with the aim of cooperating on big data, 5G technology (in which South Korea is a pioneer) and artificial intelligence.
These are some of the pillars of what has been dubbed the “fourth industrial revolution,” one of the four areas in which the two countries are going to “collaborate strongly and enthusiastically,” Piñera said in a joint statement at the end of the meeting.
Piñera, who began a state visit to South Korea on Sunday, said that “moving towards a digital government in the service of citizens,” “collaborating in cyber-security” and defending free trade and multilateralism within a regulated framework, in addition to fighting climate change, are some among the highest priority areas of Chile’s cooperation with Seoul.
The Chilean president thanked Moon for his support and contributions in making the Asia-Pacific Economic Cooperation summit and the Conference of the Parties (COP 25), which will be held in Santiago in November and December, a success.
Piñera added that both countries have “agreed to speed up the process to update” their 2004 Free Trade Agreement in order to achieve a “modern and inclusive” pact.
South Korea is Chile’s fifth largest trading partner with a trade volume between the two countries of $6.15 billion in 2017.