Comprehensive Partnership' at Korea-France Summit Talks

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Comprehensive Partnership' at Korea-France Summit Talks

 

December 20, 2004


The Republic of Korea and France have experienced a variety of historic events and changes since French President Jacques Chirac made a return visit to President Kim Dae-jung, who visited France in 2000.

President Chirac succeeded in being re-elected for another five-year term in 2002 and the rightist ruling party became a majority party. In the same year, Roh Moo-hyun was elected as president and the ruling Uri Party became the majority party in the National Assembly in the April 15, 2004 election.

From a national perspective, Korea became the world's 10th largest economic power in 2004, improving from the 11th ranked nation in 2003 and 12th in 2002, according to the International Monetary Fund (IMF). The Korean people's purchasing power has been catching up with that of the French people. On the other hand, France has remained in 5th place in world's economic power, while becoming the second largest investment destination in the world, following China.

In addition, Paris has been reborn as the No. 1 European financial market, integrating system with Amsterdam and other cities. Korea and France have been recognized for their creativity worldwide in the fields of culture and science and have been achieving excellent outcomes in high-tech science.

Bilateral relations have continuously progressed in politics, economy, science and technology. The visit to France provided an opportunity for President Roh to further improve the bilateral relationship and reconfirm the each country's position on peace and development, which are important issues on international and regional levels.

This will was also an opportunity for President Roh to seek new direction in developing cooperation in energy, information technology, genetic engineering, aerospace, the environment and other high-tech division and education and culture, while enlivening trade and investment between the two countries, as indicated by further coverage in the economics section.

 

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