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Thursday, 10 May 2012

UNIDO further expands ties with Republic of Korea

SEOUL, 10 May 2012 - The Ministry of Foreign Affairs and Trade of the Republic of Korea and the United Nations Industrial Development Organization (UNIDO) will collaborate in implementing technical cooperation projects through the provision of annual special-purpose contributions to UNIDO’s Industrial Development Fund.

An agreement on this was signed in Seoul today by UNIDO Director-General, Kandeh K. Yumkella, and the Minister of Foreign Affairs and Trade, Kim Sung-Hwan.

“The Republic of Korea has been a strong supporter of the work of UNIDO and today’s agreement is another example of this,” said Yumkella.

“We are also working closely with the Republic of Korea in support of the Rio+20 preparatory process, and on joint publications on green growth and green industry.”

Yumkella added that UNIDO had many partners in the Republic of Korea, including the Korea Institute for Industrial Economics and Trade (KIET), the Ministry of Knowledge Economy, the Global Green Growth Institute initiated by the Government of the Republic of Korea, and the Korea Research Institute of Standards and Science.

In 2011, UNIDO and KIET signed an agreement that enabled joint research on major issues relevant to economic and industry developments for developing countries and countries with economies in transition. This partnership is contributing to the exchange of industrial development data and information. Together with the Ministry of Knowledge Economy UNIDO is identifying joint projects and activities in the fields of green growth technology and low-carbon industrial development. Joint research on the impact of green industrial investment on global employment will be carried out by UNIDO and the Global Green Growth Institute. UNIDO is also working to expand collaboration with the Korea Research Institute of Standards and Science in the field of metrology.

“UNIDO believes that a transition to a Green Economy must include the promotion of clean technologies in various industrial sectors. It is for this reason that a number of Asian countries adopted in 2009 the UNIDO Green Industry Initiative. Our partnership with the Korean Government and the Global Green Growth Institute provides significant opportunities for knowledge transfer and capacity building for developing countries as they expand their Green Economy strategies,” said Yumkella.

UNIDO’s Green Industry Initiative aims to create awareness, knowledge and capacities in those legislative bodies responsible for environmental issues within client countries. UNIDO works with governments to support industrial institutions that in turn provide assistance to enterprises and entrepreneurs in all aspects relating to the greening of industry.

Director-General Yumkella is also taking part in the Global Green Growth Summit 2012, hosted by the Government of Republic of Korea and the Global Green Growth Institute in partnership with the Organisation for Economic Co-operation and Development, the UN Environment Programme, and the World Bank.

To find out more about UNIDO’s Green Industry Initiative, please see:

http://www.unido.org/index.php?id=1001271  

For more information, please contact

Mikhail Evstafyev
UNIDO Advocacy and Communication Coordinator
Telephone: (+43-1) 26026-5021
Mobile: (+43-699) 1459-7329
E-mail