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Trade minister, Solvay CEO discuss expanding ties in materials industry

All News 09:41 March 27, 2019

SEOUL, March 27 (Yonhap) -- South Korea's trade minister on Wednesday met the CEO of Belgium-based Solvay S.A. and discussed expanding ties between the two countries in the advanced materials and chemical sectors.

Trade Minister Yoo Myung-hee met Solvay CEO Ilham Kadri, who is part of the European country's delegation accompanying King Philippe to Asia's fourth largest economy.

Solvay built its first South Korean production line for silica for tires in 1975 and has been rolling out various investment projects here ever since.

During the meeting, Yoo lauded the economic cooperation between South Korea and Belgium and claimed that the two need to bolster ties to prepare for the era of the fourth industrial revolution.

Yoo also praised Solvay for making contributions to the South Korean economy and emphasized that the two sides need to seek new business opportunities.

The trade minister asked Solvay to consider pushing forward investment projects in South Korea.

The Ministry of Trade, Industry and Energy said South Korea and Belgium will continue to discuss furthering economic cooperation between the two partners on the back of the latest visit by King Philippe.

Trade Minister Yoo Myung-hee (2nd from L) and Solvay CEO Ilham Kadri (2nd from R) hold a meeting in Seoul in this photo provided by the Ministry of Trade, Industry and Energy on March 27, 2019. (Yonhap)

colin@yna.co.kr
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