South Korean President Lee Jae Myung and Brazilian President Luiz Inácio Lula da Silva agreed to deepen cooperation in trade, strategic minerals, technology and culture during summit talks in Seoul on Monday (23 February).

The leaders plan to elevate the bilateral relationship into a strategic partnership and support stability on the Korean Peninsula. Lee described peace as “the strongest form of security” at a joint press conference.

They oversaw the signing of 10 memorandums of understanding (MOUs) covering:

• Trade and industrial policy, core minerals and rare earths

• Digital economy, including AI, and biotech

• Agriculture, food security and health

• Joint policing on cybercrime, narcotics and transnational threats

Brazil, South Korea’s largest trading partner in South America, highlighted its rare-earth and nickel reserves. Both sides backed resuming stalled South Korea–Mercosur trade talks and expanding cooperation in green industries and energy transition.

ℹ️ Reuters

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Brazilian President Lula da Silva (left) holds a summit meeting with South Korean President Lee Jae Myung in Seoul on Feb. 23 (Courtesy of Yonhap)
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