Foreign Minister Cho Tae-yul has vowed to protect domestic firms from unfair treatment overseas by closely collaborating with local businesses. Speaking at the launch of a foreign policy consultative body on artificial intelligence (AI) and the digital sector, Cho emphasized the importance of safeguarding national interests in an era of economic, security, and technological convergence.
The government’s denial of launching the consultative body in response to the recent controversy involving the Japanese government advising the Line mobile app operator to reduce its financial reliance on South Korean tech giant Naver raises concerns. Tokyo’s directive for the Line operator to reevaluate its capital relationship with Naver following a massive data breach has raised questions about international tech collaboration.
The collaborative efforts between Korea’s foreign and science ministries through the newly established body aim to share insights on AI and digital policies, regulations, and global standards. This strategic approach seeks to address challenges faced by domestic firms operating in the international market, ensuring fair treatment and protection of national interests.
Cho’s commitment to supporting local businesses and promoting a level playing field for overseas projects and investments reflects the government’s proactive stance on defending national interests. By actively engaging with the private sector and leveraging strategic partnerships, South Korea aims to navigate the evolving landscape of global commerce while advocating for fair treatment of domestic firms abroad.
