Key facts
- South Korea and Chile can achieve significant synergy through cooperation in critical minerals, advanced manufacturing, and the defense industry.
- President Lee Jae Myung made these remarks at a South Korea-Chile business roundtable in Santiago.
- Chile possesses rich critical mineral reserves, while South Korea excels in advanced manufacturing.
- The two nations aim to leverage their strengths for shared prosperity amidst global economic shifts.
South Korean President Lee Jae Myung said on Thursday that South Korea and Chile can generate substantial synergy by collaborating in critical minerals, advanced manufacturing, and the defense industry. Speaking at a South Korea-Chile business roundtable in Santiago, Lee highlighted the potential for cooperation between the two nations, emphasizing Chile's abundant critical mineral resources and South Korea's expertise in advanced manufacturing.
Lee expressed confidence that the partnership could lead to remarkable synergy, particularly in the distribution and utilization of critical minerals, as well as in advanced manufacturing and defense sectors. He suggested that both countries are optimal partners due to their deep trust and shared goals. The president also conveyed his hope that the two nations will work together to transform changes in the global economic order into opportunities for mutual prosperity.
Santiago was the second location on Lee's three-country tour of South America, which also included a summit with Argentine President Javier Milei in Argentina.