Story perspectives

EU and South Korea Sign €124 B Digital Trade Pact

6/11/2026

Summary

EU-Korea Deal

Commission President Ursula von der Leyen, Portuguese Prime Minister Antonio Costa and South Korean President Lee Jae-myung signed the EU-Korea Digital Trade Agreement on Wednesday.
They condemned Russia-DPRK military cooperation, launched an EU-Korea Competitiveness Partnership and Economic Dialogue, and pledged to negotiate a Security of Information Agreement.
The pact, covering €124 billion in 2025 EU-Korea trade, will enable data flows and prompted ORAFOL and Prodrive Technologies to announce Korean expansions.

Summary

EU-Korea Pledges

The parties pledged navigation freedom in South China Sea, passage through Strait of Hormuz and stability in Taiwan Strait.
They condemned Russia-North Korea military cooperation, said North Korea will never be recognized as a nuclear-armed state under Nuclear Non-Proliferation Treaty (NPT), and urged improvements and humanitarian access in North Korea.
They agreed to tackle steel overcapacity via Steel Excess Capacity and pledged climate cooperation South Korea-European Union (EU) Green Partnership.

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EU-Korea Deal

Commission President Ursula von der Leyen, Portuguese Prime Minister Antonio Costa and South Korean President Lee Jae-myung signed the EU-Korea Digital Trade Agreement on Wednesday.
They condemned Russia-DPRK military cooperation, launched an EU-Korea Competitiveness Partnership and Economic Dialogue, and pledged to negotiate a Security of Information Agreement.
The pact, covering €124 billion in 2025 EU-Korea trade, will enable data flows and prompted ORAFOL and Prodrive Technologies to announce Korean expansions.

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