The Korea Importers Association (KOIMA) Chairman Kim Byung-kwan met with Ali Emiroglu, chairman of the Miners Association of Turkiye, in Istanbul, Turkey on Aug. 26 to discuss ways to cooperate on the supply chain of mineral resources, the KOIMA said on Aug. 29.
The Turkiye Miners Association is the oldest association in the mineral industry, established in 1940, with 117 member companies, and about 80% of all minerals in Turkiye are produced and supplied through the association.
The main production item is boron, and 70% of the world's boron reserves are in Turkiye. Especially recently, the world's largest rare earth deposits were found in Turkiye, drawing much attention from the world.
Chairman Kim Byung-kwan said, "We will receive a list of Turkiye's mineral exporters and production mineral information including boric acid and rare earths from time to time. Such global supply chain information will be immediately shared with the members of the KOIMA to actively support the diversification of import lines for major raw materials needed for domestic industries.”
Meanwhile, Chairman Kim visited the Turkish Exporters Assembly to meet Chairman Mustafa GüLTEPE and discussed in-depth ways to expand bilateral trade. For the expansion of bilateral trade between Korea and Turkiye, Kim concluded a memorandum of understanding (MOU) with the Turkish Exporters Assembly.
The Turkish Exporters Assembly consists of 61 associations and supports the 105,000 members’ exports.