President Moon Jae-in is on his state visit to Sweden, the final stop on his three-nation trip to Northern Europe this week.
During his stay...Seoul and Stockholm have agreed to upgrade their bilateral business partnership,... mostly in new growth engines like future cars and biohealth.
The presidential office said the business summit held in the Swedish capital,... saw the two sides making promises towards a prosperous future,... mostly in the biomedical sector.
"Given that the foreign investment in R&D for the biomedical sector amounts to 30-million U.S. dollars,... the investment this time is the largest seen in history."
President Moon promised to continue business cooperation with Sweden on the start-up level,... where the Scandinavian country has become known as a Mecca for startup unicorns.
And to give that a boost,... Seoul will establish startup centers in Sweden and Finland to better assist startup firms.