The Fort Worth Press - UK rolls out red carpet for South Korean president's state visit

USD -
AED 3.672498
AFN 66.225448
ALL 82.354748
AMD 381.306752
ANG 1.790403
AOA 916.999728
ARS 1450.041202
AUD 1.508853
AWG 1.8025
AZN 1.708506
BAM 1.669113
BBD 2.01304
BDT 122.234929
BGN 1.670115
BHD 0.376784
BIF 2955.212672
BMD 1
BND 1.292068
BOB 6.906704
BRL 5.545302
BSD 0.999437
BTN 89.553321
BWP 14.05834
BYN 2.937462
BYR 19600
BZD 2.010139
CAD 1.379165
CDF 2558.498097
CHF 0.794698
CLF 0.023219
CLP 910.890282
CNY 7.04095
CNH 7.033835
COP 3831.44
CRC 499.163651
CUC 1
CUP 26.5
CVE 94.102035
CZK 20.7691
DJF 177.980132
DKK 6.37423
DOP 62.606677
DZD 129.990783
EGP 47.615602
ERN 15
ETB 155.268656
EUR 0.85345
FJD 2.283703
FKP 0.747408
GBP 0.746385
GEL 2.684998
GGP 0.747408
GHS 11.479313
GIP 0.747408
GMD 73.000162
GNF 8736.467948
GTQ 7.658565
GYD 209.104253
HKD 7.780485
HNL 26.330477
HRK 6.430401
HTG 131.040515
HUF 329.729642
IDR 16787.55
ILS 3.19744
IMP 0.747408
INR 89.664497
IQD 1309.318074
IRR 42100.000149
ISK 125.629923
JEP 0.747408
JMD 159.921827
JOD 0.708991
JPY 157.323504
KES 128.904639
KGS 87.44961
KHR 4011.008939
KMF 419.999895
KPW 899.999767
KRW 1479.519686
KWD 0.30723
KYD 0.832939
KZT 517.224164
LAK 21647.016655
LBP 89502.457841
LKR 309.450354
LRD 176.904827
LSL 16.76673
LTL 2.95274
LVL 0.60489
LYD 5.417492
MAD 9.161347
MDL 16.9207
MGA 4545.299379
MKD 52.527821
MMK 2100.286841
MNT 3551.115855
MOP 8.010719
MRU 39.998805
MUR 46.160159
MVR 15.449621
MWK 1733.11941
MXN 18.01467
MYR 4.078987
MZN 63.898809
NAD 16.76673
NGN 1458.790233
NIO 36.782276
NOK 10.122425
NPR 143.285314
NZD 1.733115
OMR 0.38519
PAB 0.999437
PEN 3.365792
PGK 4.251742
PHP 58.723501
PKR 280.0262
PLN 3.588675
PYG 6705.298013
QAR 3.64375
RON 4.344003
RSD 100.174525
RUB 80.441082
RWF 1455.246808
SAR 3.751046
SBD 8.146749
SCR 15.152485
SDG 601.500474
SEK 9.26555
SGD 1.292355
SHP 0.750259
SLE 24.050082
SLL 20969.503664
SOS 570.167952
SRD 38.441502
STD 20697.981008
STN 20.908808
SVC 8.745002
SYP 11058.461434
SZL 16.764525
THB 31.233499
TJS 9.210077
TMT 3.5
TND 2.925514
TOP 2.40776
TRY 42.815406
TTD 6.783841
TWD 31.566604
TZS 2474.999683
UAH 42.259763
UGX 3574.964156
UYU 39.240117
UZS 12015.259097
VES 282.15965
VND 26320
VUV 121.02974
WST 2.787828
XAF 559.804909
XAG 0.014498
XAU 0.000227
XCD 2.70255
XCG 1.801315
XDR 0.696218
XOF 559.804909
XPF 101.778521
YER 238.397851
ZAR 16.72522
ZMK 9001.202443
ZMW 22.612992
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    0.0000

    80.22

    0%

  • RELX

    0.0800

    40.73

    +0.2%

  • GSK

    0.3200

    48.61

    +0.66%

  • NGG

    -0.2800

    76.11

    -0.37%

  • BTI

    -0.5900

    56.45

    -1.05%

  • CMSC

    -0.1200

    23.17

    -0.52%

  • RIO

    0.6900

    78.32

    +0.88%

  • BCC

    -2.9300

    74.77

    -3.92%

  • JRI

    -0.0500

    13.38

    -0.37%

  • BCE

    -0.0100

    22.84

    -0.04%

  • RYCEF

    0.2800

    15.68

    +1.79%

  • CMSD

    -0.0300

    23.25

    -0.13%

  • AZN

    0.7500

    91.36

    +0.82%

  • VOD

    0.0400

    12.84

    +0.31%

  • BP

    0.6300

    33.94

    +1.86%

UK rolls out red carpet for South Korean president's state visit
UK rolls out red carpet for South Korean president's state visit / Photo: © AFP

UK rolls out red carpet for South Korean president's state visit

South Korean President Yoon Suk Yeol and First Lady Kim Keon Hee began a three-day state visit to the UK on Tuesday, with a pomp-filled ceremonial welcome from King Charles III and Prime Minister Rishi Sunak.

Text size:

Yoon and his wife, who landed in Britain on Monday, will receive the full red-carpet treatment during the event-packed tour -- the first state visit by a South Korean leader in a decade and the first to be hosted by Charles since his coronation in May.

It began with a ceremonial welcome on Tuesday morning from Queen Camilla and Charles, his son and heir Prince William and wife Catherine, as well as Sunak and Foreign Secretary David Cameron.

The visiting couple moved on to a private lunch at Buckingham Palace, before a visit to Westminster Abbey -- where Charles was crowned six months ago -- and parliament.

They were then to attend a grand evening state banquet back at the palace.

The trip is also about business.

Yoon and Sunak were set to agree on deepening cooperation and their ministers to launch negotiations on an upgraded free trade deal.

"Trade and investment is expected to be a key focus of the visit," Downing Street said in advance.

It added that the two countries would launch talks for "an upgraded modern, world-leading Free Trade Agreement (FTA)" on the second day.

The UK government is keen to strike new deals with countries around the world following its departure from the European Union, particularly with fast-growing economies in the Indo-Pacific region.

- 'Springboard' -

President Yoon was to address lawmakers in parliament during his stop there.

He will deliver the speech, expected to be in English, on bilateral ties between the two countries and how to boost the relationship in future, according to South Korean media.

His office has said the visit represents a "sign that London considers Seoul a key partner in global cooperation and the Indo-Pacific region".

Yoon told his cabinet last week: "The upcoming visit will serve as a springboard for further deepening economic cooperation between the two countries," according to local media.

That cooperation will centre on science and technology, with South Korea aiming to expand business opportunities and high-tech industry supply chains, he added.

Major business figures, including Samsung Electronics Chairman Lee Jae-yong and Hyundai Motor boss Chung Eui-sun, will join Yoon on the visit.

"As two nations focused on innovation, harnessing new technologies and defending the international rules-based order, the UK and Republic of Korea are natural partners," Sunak said.

The UK last year launched a consultation on an enhanced free trade agreement to upgrade the existing accord, which replicates the European Union's agreement with South Korea.

UK ministers are eyeing an expansion of exports in digital, business and financial services.

- New accord -

Total trade in goods and services between the UK and South Korea was £16.1 billion ($20.1 billion) in the year to the end of June.

UK Trade Secretary Kemi Badenoch will launch the trade talks on Wednesday with her South Korean counterpart at a UK-Korea business forum taking place alongside the state visit.

The two countries are set to announce £21 billion of investments in green energy and infrastructure projects across the UK at the forum, according to her ministry.

It noted that the current trade pact between them does not include specific chapters on digital parts of their economies.

Badenoch said an enhanced deal would boost Britain's vital services sector, while also creating "new opportunities" for UK exports in food and luxury goods sectors.

Defence cooperation will also be on Yoon's agenda, with both countries pledging to step up joint training and operations "to create the most comprehensive exercise regime between the UK and any partner other than the US".

F.Garcia--TFWP