South Korea says CPTPP membership would stabilize supply chains

Trade minister Yeo sees 'win-win' for all; will apply to join pact by May

20211227 Minister Yeo Han-koo

South Korea’s Trade Minister Yeo Han-koo speaks to Nikkei Asia. (Photo by Ahn Seong-bok)

KIM JAEWON, Nikkei staff writer

SEOUL -- South Korea's trade minister said his country's membership in a Japan-led free trade pact would benefit all member nations, as Korean companies would strengthen supply chains for semiconductors, batteries and electric vehicles.

Trade Minister Yeo Han-koo said in a Nikkei Asia interview on Friday that the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) would not be self-sufficient without South Korea.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.