RIGA - Latvia has several areas of economic cooperation that could be developed with Korea, President Edgars Rinkevics said while opening the Latvian-Korea Business Forum in Seoul, the president's adviser Martins Dregeris told LETA.
The forum is aimed at attracting investment and promoting Latvian exports. Rinkevics is accompanied by a business delegation of 19 companies and organizations from Latvia, representing sectors such as biomedicine and pharmaceuticals, timber, film, aviation, design, energy and defense.
The business delegation includes companies that already have experience in the Korean market - Latvijas Finieris, Krauzers, Grindeks, Design Export Alliance - as well as Latvian companies looking for new partners and access to the Korean market - Edge Autonomy Riga, Fokker Next Gen Latvia, Labrains, SWH Sets, and PAA. Representatives from Pauls Stradins Clinical University Hospital and the University of Latvia are also participating in the visit to develop cooperation in the field of science and research.
The president emphasized that the business delegation accompanying him demonstrated Latvia's willingness to cooperate in the fields of science, pharmaceuticals, wood processing, defense, film and energy. Rinkevics particularly noted those Latvian companies that had started cooperation already before the visit, with a view to concluding memoranda of understanding on cooperation in the fields of pharmaceutical production and green methanol production. He was also pleased to see Korean companies' interest in Latvia and the investments already made.
During Rinkevics' visit, a total of three memoranda of cooperation between Latvian and Korean companies were announced - two of them in the biomedical field and one in the field of green energy.
As LETA reported, the Latvian president is in Korea on a working visit from November 26 to 30 together with a business delegation.
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