Premier wraps up successful South Korea mission
Premier Jason Kenney has completed a successful and productive mission to South Korea, promoting Alberta as an investment destination in several emerging sectors of the economy.
Over the course of three days, Premier Kenney and the Alberta delegation met with government and industry leaders representing major South Korean companies like H2KOREA, Posco, Hyundai Engineering and Hyundai Motors, as well as the Korean Atomic Energy Research Institute, the Canadian Chamber of Commerce in Korea and the Korean Ministry of Trade, Industry and Energy.
During these meetings, Premier Kenney led discussions on potential large-scale investments in Alberta in several sectors, including:
manufacturing, including steel and secondary batteries
information technology, including large data processing centres
small modular nuclear reactors
renewable energy production
lithium and rare-earth mineral production
liquefied natural gas
“South Korea holds amazing potential for Alberta and over the last three days I was very encouraged to learn first-hand of the significant interest in Alberta’s economic future, particularly in energy and technology. I look forward to Alberta building even stronger ties with South Korea and hopefully welcoming new, job-creating investments to our province in the near future.”
Jason Kenney, Premier
South Korea is Alberta’s fifth-largest export market.
In 2021, Alberta exported about $668.2 million worth of goods to South Korea. Top exports included meat (primarily beef, $140 million), nickel ($122.7 million), wood pulp ($105.4 million), energy (primarily coal, $98.5 million), and fats and oils (primarily canola oil, $66.4 million).
That same year, Alberta imported about $209.3 million worth of goods. Top imports were machinery ($50.3 million), electrical machinery ($46 million) and plastics ($31.7 million).
Alberta shares a strong and mutually beneficial relationship with South Korea encompassing trade, investment and bilateral cooperation. Alberta maintains an office in Seoul.