UK and South Korea resume trade talks focusing on tech and digital services expansion

The UK has recommenced trade negotiations with South Korea, with a focus on enhancing technology and digital services sectors.

British representatives have travelled to Seoul for discussions with their South Korean counterparts today, as they seek to forge a forward-looking, digitally-oriented trade deal, as reported by City AM.

This marks the first round of talks under the Labour government since the trade discussions were put on hold during the transition period after the July 4 election.

Speaking to City AM, Business and Trade Secretary Jonathan Reynolds said: "Both the UK and South Korea are renowned as global leaders in technology. Our high-tech economies have so much more we can do together once our trade deal is upgraded."

He added: "Trade deals with partners like South Korea mean UK businesses will have more opportunities to sell their excellent goods and services around the world."

Reynolds expressed satisfaction that negotiators are resuming this vital work, which contributes to building a stronger economy.

According to officials, the UK-South Korea trade relationship was valued at approximately £17bn in the year leading up to June 2024, with thes