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South Korea, France hold foreign ministerial talks in Bali on economic security

South Korea and France have agreed to strengthen bilateral cooperation on economic security during foreign ministerial talks held on the sidelines of the G20 summit in Bali, Indonesia on November 15.

According to the Seoul's foreign ministry, foreign minister Park Jin and his French counterpart, Catherine Colonna, exchanged views on Seoul-Paris relations and major regional security issues, including Korean Peninsula affairs, assessing that economic cooperation between their two countries remained firm amid global uncertainties, including the Russia-Ukraine war and disruptions in global supply chains.

While the European Union plans to strengthen supply chain by selecting critical raw materials for its member countries, Minister Park, expressed hope that the EU’s new supply chain law will not be disadvantageous to South Korean firms.

Colonna, on her part, proposed that their territories review their strategies and explore which points in France’s strategy, unveiled in 2019, correlate to the South Korean strategy disclosed by President Yoon Suk Yeol during his meeting with ASEAN leaders last week.