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U.K. seeks to ensure Brexit won't affect trade with S. Korea: envoy

All News 19:08 April 12, 2017

SEOUL, April 12 (Yonhap) -- The top British envoy here on Wednesday tried to reassure Seoul officials that its planned exit from the European Union (EU) will not affect the vibrant trade relations between the two countries.

Amb. Charles Hay attended a meeting of a South Korean government task force formed to devise measures to cope with Brexit's impact.

"Given that Britain is the second-biggest export market in Europe for South Korea, and for Britain South Korea is the biggest Asian export market, the most important part of South Korea-Britain relations is trade," he was quoted by the foreign ministry as saying during the meeting.

Britain will solidify institutions to prevent Brexit from negatively affecting mutually beneficial rewards under the South Korea-EU free trade agreement, the ambassador said. He also pledged efforts to further strengthen bilateral economic ties.

Following on the referendum result last year, Britain officially submitted its decision to leave the European single market two weeks ago.

Deputy Foreign Minister for Economic Affairs Lee Tae-ho, who headed the team, expressed the Korean government's willingness to further strengthen relations with Britain after Brexit, according to the Ministry of Foreign Affairs.

U.K. seeks to ensure Brexit won't affect trade with S. Korea: envoy - 1


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