The most important priority task between Korea & Israel appeared to be FTA conclusion which will increase the trade scale of the two countries by far more and bring more many benefits for the two nations, according to Ambassador Chaim Choshen's remarks.

In a diplomatic reception to mark Israel 70th Independence held at the Grand Hyatt Seoul on May 2nd evening, Choshen emphasized that Israel is an assembly place for start-up companies all over the world which are presumed to amount to 7,000 companies based in Israel nowadays. In such a context, Israel is assessed to be most innovative in terms of R&D among countries in the world as well, according to Choshen, in addition to being an agricultural power globally.

Israel is assessed to usher OECD economies with its strong economic structure while its GDP per one person reaches to 38,000 dollars and the country is ranked as 11th position in terms of citizens happiness index in the world during two consecutive years.

By his congratulatory remarks, Chairman Kang Ghil-bou from the Korea-Israel Parliament Friendship Association who was on hand, pinpointed out common similarities of the two nations, touching upon several facts that the two countries have achieved enormous economic developments despite of their barren environment in terms of natural resources and have produced excellent manpowers with high education fever.

PM Netanyahu from Israel said by his remarks at the 70th Independence Reception for the Diplomatic Corps which was held in Jerusalem, Israel. : "What you can do to advance peace is to move your embassy here. We are delighted with President Trump’s decision to move the embassy here. It says a simple thing: Peace must be based on truth."

The following are excerpts PM Netanyahu's Remarks at the 70th Independence Reception for the Diplomatic Corps: "Recognizing reality is the way you build peace. You cannot build peace on a foundation of lies because it crashes on the rocks of reality. It’s important to establish those principles that will ultimately guide peace: that Israel has a capital, that the Jewish people have had a capital for 3,000 years and that it’s called Jerusalem - is uncontestable. It’s time to recognize that fact. I’m delighted to say that there are at least half a dozen countries that are now seriously discussing with us, moving the embassy to Jerusalem, and thank you Guatemala for doing that. There will be others to follow.  So please, there’s a simple principle, you’re familiar with it: First come, first served. I’ve decided that the first ten embassies to come here will get preferential treatment. We’ll help you! All of you should do that. And I want to say how delighted we are here to see you at the President’s house, in our capital Jerusalem on this day, but we want to see you every day. So 'This year in Jerusalem.' Thank you for coming here, thank you for celebrating our independence and our rebirth here in the Jewish state."