Ambasciatore Mercuri Picture

The year 2020 has been marked by an unprecedented emergency, the COVID19 pandemic, that is still affecting the lives and the economies of most countries in the world, including the Republic of Korea and Italy.

In this fight that see all the countries in the world united to end the contagion and re-start the economic system, we are finally seeing a possible way out thanks to the vaccination campaign which is well ongoing around the world. Also the Republic of Korea has recently started the vaccination process, which should allow to reach herd immunity before the end of this year.

The present circumstances remain uncertain but our companies see the light at the end of the tunnel. The strong measures taken by the Italian Government and by the European Union are in fact paving the way of an economic recovery that we all hope will be based on greener and environmentally friendly technologies, more balanced and targeted to fight the climate change. Such determination is reflected in the priorities of the Italian Presidency of G20: people, planet, prosperity. The Italian Government, as co-organizer of the COP26 , is highly committed to reduce pollution and to a coal-free society, fully aware that the actual economic system can no longer be sustainable. In this regard, we are willing to cooperate as much as possible with our Korean partners, both institutional and private, to facilitate investments in green and renewable energies, in order to phase out from the present coal-powered economy. It is an obligation that we all have towards our children, who will bear the most the climate change.

Regardless the pandemic, 2020 has been a positive year for our bilateral trade: figures from the Korean official sources show an overall bilateral exchange that has increased by 3% compared to 2019. But we are also aware that many business sectors suffered a lot during 2020 and will need funds and help to recover completely. Let’s not miss this opportunity to create an economic system that is more environment-centered, taking advantages of our extraordinary technologies and scientific discoveries. Together with our Korean partners and with the precious help of the Italian Chamber of Commerce, we can all contribute to a global change and to a better world for all, after the hard times of the pandemic.

Federico Failla