South Korea, Chile sign five MOUs, deepen lithium and copper cooperation

South Korea and Chile signed five memorandums of understanding on Thursday, including a mineral resources partnership aimed at strengthening cooperation on lithium and copper supply chains, after a summit between President Lee Jae Myung and Chilean President Jose Antonio Kast

in Santiago.



The agreements covered mineral resources, police cooperation, Antarctic research, maritime safety and security, and investment promotion between KOTRA and InvestChile, according to South Korea's presidential office.



Lee said the two countries were "natural and ideal partners" in critical minerals, noting that Chile is the world's largest copper producer and holds the world's largest lithium reserves, while South Korea is a global leader in semiconductors, batteries and other advanced industries.