By Kim Hyun-bin
Elias Rosa, the Brazilian vice minister of development, industrindustry, commerce and services (MDIC), initiated a series of institutional visits in Seoul starting Thursday.
His first meeting was with Kang Do-hyun, the deputy minister of science and ICT, to delve into Korea’s novel digital strategy driving economic development. The strategy focuses on advancing cutting-edge technologies like big data, cybersecurity and artificial intelligence (AI). Brazil expressed its interest and gained insights into Korea’s experiences in semiconductors, the digital economy and AI. The potential for collaboration in AI within the agro-industry and health sectors was also explored.
On the same day, Rosa engaged in three bilateral meetings with Korean businesses. The initial meeting took place with Hyundai Motor, a presence in Brazil since 2012, having manufactured 2 million vehicles there to date.
This was followed by a meeting with Hana Micron, a leading chip and semiconductor company operating in Brazil. The day concluded with a meeting with representatives of POSCO, Korea’s largest steel producer, where insights were shared on the company’s zero-carbon steelmaking strategy.
On Friday, the signing of the Brazil-Korea Trade and Investment Promotion Framework took place with Minister for Trade Ahn Duk-geun.
Vice Minister Rosa, along with Minister Ahn, co-chaired the inaugural meeting of the Trade and Investment Cooperation Council. The discussions centered on instruments to enhance collaboration between the governments and private sectors of both countries, focusing on areas such as the green economy, digital technology, biopharmaceuticals, business and investment facilitation, hydrogen economy and quality infrastructure.
Later in the day, Rosa conducted an informative session with Korean business leaders at the Korea International Trade Assocaition (KITA), with participation from Doosan Mobility, H2KOREA, Hyosung, CJ, Hyundai InfraCore and SK Ecoplant.
The agenda concluded with a meeting with executives from Samsung Electronics and Samsung Engineering, solidifying the commitment to advancing technological collaboration between Brazil and Korea.