Erdoğan assesses relations with South Korea ahead of Seoul visit
President Recep Tayyip Erdoğan, in an interview with the Yonhap News Agency ahead of his visit to Seoul at the invitation of South Korean President Lee Jae Myung, described relations between the two countries. Erdoğan said there is a trade volume target of 15 billion dollars and that opportunities are seen in nuclear energy, defense industry and high technology. Preliminary feasibility studies have been carried out with KEPCO for the Sinop Nuclear Power Plant project, and it was noted that the final decision has not yet been made.
This summary was generated by AI; the official source prevails.
What does it mean?
Türkiye and South Korea are discussing trade and investment, but this is not yet a finalized agreement. It is described that Türkiye wants to change the balance, since it buys far more from Korea than it sells to it.
Who is affected?
Turkish and Korean companies that trade with South Korea, and parties considering investment.