The Minister of Industry and Tourism of Spain, Jordi Hereu, met with the South Korean ambassador, Lim Soosuk, in Madrid to strengthen the economic cooperation between the two countries. They discussed the solid economic relationship framed in the Free Trade Agreement between the EU and Korea. The agreement, in force since 2011, has boosted bilateral trade exchanges significantly. The Spain-Korea Joint Commission meeting in November 2024 further solidified the commitment to economic and trade cooperation. Minister Hereu emphasized the mutual interest in strategic sectors like renewable energy, automotive, digitalisation, artificial intelligence, and green hydrogen. Korean companies like Hyundai Mobis and Lotte Energy Materials have already made investments in Spain with support from aid programs for setting up battery production plants in Navarra and Tarragona.