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British Minister for Trade and Investment Lord Livingston has visited South Korea yesterday and today 16-17 March 2015.

Lord Livingston is using the visit to sustain the momentum of bilateral commercial engagement that followed President Park’s State visit to the UK in November 2013.

He will lead a contingent of 23 UK lifestyle companies from cosmetics, baby goods, fashion accessories and the food and drink sectors taking part in a GREAT campaign sponsored Lifestyle event. He will attend the second UK-Korea Governmental Joint Economic and Trade Committee (JETCO) where he will restate the UK’s pledge to double bilateral trade with Korea by 2020. He will also attend the second UK-Korea business-to- business CEO forum.

Speaking yesterday Lord Livingston said:

The economic relationship between the UK and Korea is strong and well-established. Following the visit of President Park to London in 2013, bilateral trade relations have gone from strength to strength. I hope that my visit will build on this momentum.

Notes for Editors

1. Lord Livingston is UK Minister for Trade and Investment.
2. The GREAT British Lifestyle Showcase will see 23 British companies, mostly small and medium-size companies visiting Korea for the first time, promoting their products in the cosmetics, baby goods, fashion accessories and food and drink sectors.
3. The Joint Economic Trade Committee (JETCO) was set up during President Park’s November 2013 visit to the UK. The committee is government-government and aims to encourage business, trade and investment between the UK and Korea.
4. The UK-Korea CEO forum was also set up during President Park’s State visit. The forum was launched to bring together business leaders from both countries to create new commercial partnerships.

For media enquiries, contact enquiries.seoul@fco.gov.uk