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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
The perfect AI stock under $10 (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
The perfect AI stock under $10 (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Tech insider: "Watch your mailbox" (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
The perfect AI stock under $10 (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
The perfect AI stock under $10 (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Tech insider: "Watch your mailbox" (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
The perfect AI stock under $10 (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
The perfect AI stock under $10 (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Tech insider: "Watch your mailbox" (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture

South Korean, Canadian leaders vow cooperation on clean energy, North Korea threat


Canadian Prime Minister Justin Trudeau, bottom, delivers a speech as South Korea's National Assembly Speaker Kim Jin Pyo, top, listens at the National Assembly in Seoul, South Korea, Wednesday, May 17, 2023. (Korea Pool/Yonhap via AP)

SEOUL, South Korea (AP) — The leaders of South Korea and Canada on Wednesday vowed to strengthen their security and economic cooperation to address challenges posed by North Korea and expand Canadian supplies of minerals crucial to South Korea’s technology industry as they held a summit in Seoul.

The meeting between South Korean President Yoon Suk Yeol and Canadian Prime Minister Justin Trudeau came before they travel to Japan for the weekend’s Group of Seven meetings, where geopolitical uncertainties worsened by Russia’s war on Ukraine, China’s regional assertiveness and North Korea’s nuclear ambitions are expected to drive discussions.

In a joint statement issued after the meeting, the leaders condemned North Korea’s growing nuclear weapons and ballistic missile program and urged Pyongyang to return to U.S.-led denuclearization talks, which have stalled since 2019 over disagreements related to international sanctions imposed on the North.

They expressed concern over North Korea's human rights violations and "the regime's complete disregard for the well-being of its people,” and said their governments would try to improve international awareness about the issue.

“We will also be continuing our work to support human rights organizations” focused on advancing North Korean human rights, Trudeau said in a joint news conference with Yoon after their summit.

“North Korean people are the first victims of the terrible regime in North Korea, an example of why autocracy has terrible, terrible impacts on its own people first and foremost, before (it) even destabilizes and puts at risk people in neighboring countries," he said.

Trudeau, the first Canadian leader to visit South Korea in nine years, said his government remains committed to working closely with Seoul and other international partners to address the North Korean threat. He said his government will work to enhance Canada’s naval presence and participation in multinational operations to monitor the enforcement of U.N. Security Council sanctions against Pyongyang.


Yoon and Trudeau also said they will work to strengthen supply chain cooperation in clean energy and critical minerals, which they said will promote environment-friendly technologies and make the countries more competitive in global markets for batteries and zero-emission cars.

Yoon said the countries will also expand cooperation in “future industries,” including semiconductors, batteries, artificial intelligence and technologies producing cleaner technologies, including those involving small modular reactors, natural gas and hydrogen.

Yoon’s government has described the country’s trade relations with Canada as essential for coping with instabilities in global supply chains and energy markets. Canada is one of the world’s largest producers of fuel and gas and key minerals like nickel, lithium and cobalt, which are used by South Korean companies to manufacture electric car batteries.

South Korea’s Trade Ministry said in a statement a stronger partnership with Canada over minerals would allow the country to better cope with the impact of the U.S. Inflation Reduction Act, which aims to reduce U.S. dependence on China and other countries for battery supply chains.

The act, which was signed into law by President Joe Biden last August, has been a source of tension between Washington and Seoul as it excludes South Korean electric vehicles and other models assembled outside of North America from consumer tax credits.

Trudeau said his meeting with Yoon also included discussions about China, which remains South Korea's largest trade partner but is increasingly diverging with Seoul over security interests.

There's frustration in Seoul over how Beijing, along with Moscow, have blocked U.S.-led efforts at the U.N. Security Council to tighten sanctions on North Korea after it ramped up missile tests since the start of 2022. There are also concerns about how an intensifying U.S.-China rivalry over trade and technology and a fragmentation of global supply chains could hurt South Korea's export-dependent economy.

“We recognize, both of us, that China is an important economic partner, not just in the region but around the world,” Trudeau said. “But we need to know where we are going to be competing with China on economic grounds and where we need to challenge China, on human rights and other issues.”

Hours before his summit with Yoon, Trudeau delivered a speech to South Korean lawmakers at Seoul’s National Assembly, where he made similar comments on security and economic cooperation and responding to the North Korean threat. Trudeau was the first foreign leader to deliver a speech at South Korea’s parliament in six years, following former U.S. President Donald Trump’s speech in 2017.

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