AIRLINK 81.00 Increased By ▲ 1.59 (2%)
BOP 5.28 Decreased By ▼ -0.05 (-0.94%)
CNERGY 4.40 Increased By ▲ 0.02 (0.46%)
DFML 34.60 Increased By ▲ 1.41 (4.25%)
DGKC 77.50 Increased By ▲ 0.63 (0.82%)
FCCL 20.60 Increased By ▲ 0.07 (0.34%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.82 Decreased By ▼ -0.03 (-0.3%)
GGL 10.20 Decreased By ▼ -0.05 (-0.49%)
HBL 118.50 Increased By ▲ 0.57 (0.48%)
HUBC 136.25 Increased By ▲ 2.15 (1.6%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.54 Decreased By ▼ -0.13 (-2.78%)
KOSM 4.70 Decreased By ▼ -0.04 (-0.84%)
MLCF 37.60 Increased By ▲ 0.16 (0.43%)
OGDC 137.50 Increased By ▲ 0.80 (0.59%)
PAEL 23.00 Decreased By ▼ -0.15 (-0.65%)
PIAA 27.17 Increased By ▲ 0.62 (2.34%)
PIBTL 6.90 Decreased By ▼ -0.10 (-1.43%)
PPL 113.40 Decreased By ▼ -0.35 (-0.31%)
PRL 27.46 Decreased By ▼ -0.06 (-0.22%)
PTC 14.75 No Change ▼ 0.00 (0%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.98 Decreased By ▼ -0.52 (-0.77%)
SSGC 11.05 Decreased By ▼ -0.04 (-0.36%)
TELE 9.20 Decreased By ▼ -0.03 (-0.33%)
TPLP 11.58 Increased By ▲ 0.02 (0.17%)
TRG 71.92 Decreased By ▼ -0.18 (-0.25%)
UNITY 25.59 Increased By ▲ 0.77 (3.1%)
WTL 1.37 Decreased By ▼ -0.03 (-2.14%)
BR100 7,590 Increased By 64.4 (0.86%)
BR30 24,769 Increased By 119.8 (0.49%)
KSE100 72,701 Increased By 729.5 (1.01%)
KSE30 24,018 Increased By 268.7 (1.13%)

SEOUL: South Korea and the European Union agreed on Monday to step up cooperation on security amid tension over Russia’s invasion of Ukraine and North Korean nuclear threats.

South Korean President Yoon Suk Yeol held a summit in Seoul with European Commission President Ursula von der Leyen and European Council President Charles Michel, during which the leaders also pledged to work together on climate change, health and supply chains.

“South Korea and the EU are important partners that share universal values of freedom, human rights and rule of law,” Yoon told a joint press conference.

Yoon has been pushing for greater security ties with Europe and other U.S. allies to address global challenges, including the conflict in Ukraine and tension over China’s stance towards self-ruled Taiwan. He also wants cooperation to curb North Korea’s nuclear ambitions. In June, he attended a NATO summit for the first time as a South Korean leader.

At Monday’s talks, which mark the 60th anniversary of bilateral relations, Yoon and the EU leaders in a joint statement condemned Russia’s invasion of Ukraine as a grave violation of international law. They also criticised North Korea’s ongoing efforts to develop its nuclear arsenal and Pyongyang’s threats of the possible use of nuclear weapons against South Korea.

EU leaders to visit South Korea for talks

“Russia must stop its aggression and immediately, completely and unconditionally withdraw all of its military forces from the entire territory of Ukraine,” the statement said.

A major producer of artillery shells, Seoul has not provided lethal weapons to Ukraine, citing its ties with Russia, but Yoon signalled a possible shift in his stance against arming Ukraine in an interview with Reuters last month.

At the press conference, von der Leyen thanked Yoon for South Korea’s financial and humanitarian aid to Ukraine.

Yoon and the EU leaders also called for freedom of overflight and navigation in the South China Sea, as well as peace and stability across the Taiwan Strait, saying they oppose any unilateral attempts to change the status quo in the Indo-Pacific.

South Korea and the EU will also reinforce cooperation on economic security, including early warning systems to detect and address potential supply chain disruptions in key industries, such as semiconductor chips.

South Korea is a staunch U.S. ally and hosts some 28,000 U.S. troops. It has also developed a crucial economic relationship with China, South Korea’s largest trading partner.

Yoon faces a tricky task of balancing those two relationships, while at the same time fending off a belligerent North Korea, which is ramping up its arsenal of nuclear weapons and the missiles to deliver them.

On other global issues, a “green partnership” will be created with the EU to spur an environmentally friendly transition, the statement said, warning that a triple planetary crisis of climate change, biodiversity loss and pollution poses an “existential threat.”

Both sides also reached an agreement to boost health cooperation, under which they will work together to identify and counter health threats, and assist other countries to prevent and respond to them.

Comments

Comments are closed.

Jahangir May 22, 2023 06:29pm
Once upon a time they copied Paksitan's 5 and 10 years economic plans...but they succeeded becasue they have no billion dollar generals, shariffs and Zardaris.
thumb_up Recommended (0)