Economic Security
South Korea, Netherlands reaffirm strategic partnership in trade, economic security
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South Korea and the Netherlands held their inaugural high-level dialogue with foreign affairs and trade ministers in Seoul on February 11, 2026, reaffirming their commitment to deepen bilateral cooperation in trade, economic security, artificial intelligence (AI), and other areas amid heightened global tensions. The ministers issued a joint statement emphasizing the need to strengthen their strategic partnership in the face of increasing geoeconomic tensions and rapid technological advancements. Building on the 2022 strategic partnership, they agreed to expand collaboration in semiconductors, quantum technologies, and critical mineral supply chains.
South Korean officials warned of increased LNG price volatility after Qatar reportedly declared force majeure on its long-term supply contract with the country, though supply impacts will be limited. Deputy Minister Yang Ghi-wuk said shipments from Qatar have already been excluded from this year's supply calculations, ensuring sufficiency. A Cheong Wa Dae official confirmed stable supplies from non-Middle Eastern routes.
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Japan and Canada plan to establish an economic security dialogue to strengthen supply chains for critical minerals and energy resources. The summit between Prime Minister Sanae Takaichi and Prime Minister Mark Carney will focus on China's dominance in key materials. The talks, set for Friday night in Tokyo, aim to expand cooperation between the two countries.