“As part of the agreement, the two countries will reactivate their joint FTA committee for the first time in 10 years to discuss ways to enhance bilateral trade relations, including modernizing the South Korea-Chile FTA in a mutually beneficial manner, he added.”
“Lee said that he and Kast also held an in-depth discussion on cooperating with key economic cooperation blocs, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Pacific Alliance.”
” ‘Chile, the world’s largest copper producer with the world’s largest lithium reserves, is an ideal partner for South Korea, a leader in semiconductors, batteries and other advanced industries, in establishing critical mineral supply chains,’ Lee said.”
“The South Korean president pledged efforts to explore bilateral investment and cooperation opportunities between companies of the two countries in critical minerals and energy.”
“South Korea agreed to actively support South Korean builder Hyundai Engineering & Construction Co.’s Chacao Bridge project in Chile, while the two leaders also agreed to discuss establishing an institutional framework to expand cooperation in the defense industry and shipbuilding.”