Korea, Ecuador become strategic economic partners

Minister of Trade, Industry and Energy Bang Moon-kyu, right, poses with Ecuador's Production, Foreign Trade, Investments and Fisheries Minister Daniel Legarda Touma afer the two signed a strategic economic cooperation agreement (SECA) at Lotte Hotel Seoul, Wednesday. The Korean government's 23rd SECA came as bilateral trade last year stood at $980 million. The South American country possesses natural reserves of petroleum and rare earth minerals, and the SECA entitles the two countries to cooperate on extracting the natural resources and share them. Courtesy of Ministry of Trade, Industry and Energy