Mexico touts 'deeply' integrated economic ties with Korea, eyes stronger ties in future industries
Mexico's ambassador to Korea on Thursday highlighted the two countries' deeply integrated economic ties and cooperation in advanced industries, while South Korea's trade minister called for the resumption of talks on a bilateral free trade deal. "With the presence of more than 2,000 Korean companies in Mexico, our economies are deeply integrated into the supply chains shaping the future of North…
Mexico and South Korea share profoundly intertwined economic relations and cooperation in cutting-edge sectors, according to Mexico's ambassador to South Korea. During a ceremony in Seoul celebrating Mexico's 216th Independence Day, Carlos Penafiel emphasized the extensive presence of over 2,000 Korean enterprises in Mexico, which signifies a deep integration of both nations' economies into the North American supply chains of the future.
Beyond economic and commercial strength, Mexico and South Korea are also collaborating in the fields of space exploration, renewable energy, artificial intelligence, and advanced manufacturing. The ambassador highlighted the significance of a robust friendship between the two countries, rooted in a shared dedication to peace, international law, multilateralism, and respect for human rights, particularly as no single nation can currently confront the challenges of the present era.
Mexico stands as South Korea's principal trading and investment ally in Latin America, while South Korea occupies one of Mexico's top five trading partners.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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