The Korea-Canada Advanced Industry Cooperation Business Roundtable was held at the Park Hyatt Toronto hotel, organized by the Korea Trade-Investment Promotion Agency, or KOTRA, according to the Ministry of Trade, Industry and Resource.
The event brought together about 50 government officials and business leaders from both countries in key sectors such as defense, space and hydrogen. Attendees included Presidential Chief of Staff Kang Hoon-sik, Vice Industry Minister Moon Shin-hak, Defense Acquisition Program Administration Minister Lee Yong-cheol and Stephen Lecce, Ontario's minister of energy and mines.
The roundtable was designed to discuss concrete cooperation projects between Korean and Canadian companies in promising future industries, including defense, space and hydrogen, while exploring possible government support measures.
During the event, Hanwha presented ways to expand cooperation between the two countries in the defense and space sectors, while Hyundai Motor introduced potential cooperation in the hydrogen sector, including hydrogen projects in Canada.
“If Canada’s abundant resources and advanced technologies are combined with Korea’s world-class manufacturing capabilities, the two countries will be able to lead the global market in advanced industries,” Kang said.
He also stressed that industrial cooperation between the two countries should go beyond simple purchasing and supply arrangements and develop into an ecosystem that connects technology, security and talent.
As part of the visit, the special delegation for strategic economic cooperation also visited Martinrea, one of the key parties involved in an MOU signed in April between Hanwha and Canada’s Automotive Parts Manufacturers’ Association.
The ministry said the event led to three MOUs between Korean and Canadian companies in satellite communications, launch sites and defense vehicles.
Kang left for Canada on Sunday as President Lee Jae Myung’s special envoy for strategic economic cooperation, accompanied by officials from the industry and foreign ministries, as well as companies and organizations in energy, resources, supply chains and advanced industries.
During the trip, Kang and other officials are also expected to support Korean companies seeking to win Canada’s submarine procurement project.
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