Korea, Portugal to boost business ties

By Korea Herald

Silva condemns North Korea’s missile threats, human right abuse

  • Published : Jul 21, 2014 - 20:37
  • Updated : Jul 21, 2014 - 21:02
The leaders of South Korea and Portugal agreed Monday to forge strategic partnerships and seek ways together to enter markets in Portuguese-speaking countries in Latin America and Africa.

Presidents Park Geun-hye and Anibal Cavaco Silva also agreed during a summit held at Cheong Wa Dae to expand cooperation in the development of renewable energy and tourism. They also agreed to cooperate in a wide range of fields including politics, information and communications technology, and shipping and aviation. 
President Park Geun-hye speaks at a joint press conference held after a summit talk with her Portuguese counterpart, Anibal Cavaco Silva, at Cheong Wa Dae on Monday. (Yonhap)

“We have agreed to seek ways to enter the communities of Portuguese-language countries together, considering that Portugal has strengthened ties with the countries,” Park said at a joint press conference held after the summit.

“If a cooperative partnership is established between Korea and Portuguese-speaking countries, it would help us not only build a reciprocal relationship but also contribute to the economic and industrial development of the Portuguese communities,” she said.

Silva said he has focused on seeking partnerships with Korean businesses during his three-day visit, stressing that he acknowledges “the country’s competitive and dynamic economy.”

“I met business leaders of Korean companies and saw business potential between Korean and Portuguese firms,” Silva said.
President Park Geun-hye speaks at a joint press conference held after a summit talk with her Portuguese counterpart, Anibal Cavaco Silva, at Cheong Wa Dae on Monday. (Park Hyun-koo/The Korea Herald)

“The business opportunity is big for both Korean and Portuguese companies to form a strategic partnership and enter markets in the Third World,” he said.

On the sidelines of the summit, the two countries signed two memorandums of understanding for promoting exchanges of experts on renewable energy development, increasing cooperation between tourism officials and boosting investment in the sector.

“The fact that the two countries have agreed to utilize bilateral cooperation to boost exchanges of technology, human resources and information in regard to the field of renewable energy, a growth engine for both countries, is of great significance,” Park said.

Silva arrived in Seoul on Saturday for a three-day visit. He was the first Portuguese leader invited for an official visit by the South Korean government. He was accompanied by first lady Maria Cavaco Silva, administrative delegates and business leaders.

Silva also said his country supports Park’s North Korea policies and her vision for a unified Korean Peninsula.

“I’d like say that I entirely agree with President Park’s vision for the unification of the Korean Peninsula proposed in Dresden,” he said.

“Again, I also want to say that Portugal strongly condemns North Korea’s nuclear test or its provocative actions like missile threats as well as its criminal acts against humanity such as human rights abuse,” he added.

The two leaders previously met in 2011 when Park, then presidential envoy, visited the European nation to celebrate the 50th anniversary of diplomatic ties between the two countries.

By Cho Chung-un (