South Korea, Argentina agree to boost critical minerals cooperation

Under the MOU, both nations will exchange information regarding their respective policies on critical minerals and related investment frameworks. The initiative also aims to foster bilateral corporate investment and pursue collaborative projects spanning exploration, mining, and other aspects of the lithium sector. National Security Adviser Wi Sung-lac highlighted these objectives.

Furthermore, the leaders committed to advancing the prompt resumption of negotiations for a free trade agreement between South Korea and Mercosur, a significant South American trade bloc. This move is expected to deepen economic ties between the regions.

President Lee's visit to Argentina marks the final leg of his three-nation tour of South America, which has primarily centered on enhancing trade relations and securing cooperation in critical mineral resources. Earlier in the week, Lee engaged in summit talks with Brazilian President Luiz Inacio Lula da Silva and Chilean President Jose Antonio Kast.