[Anchor]
President Lee Jae-myung, currently visiting Brazil, proposed that South Korean and Brazilian business leaders achieve concrete results in three key sectors: aviation, minerals, and K-beauty. He also visited the metalworkers' union office where Brazilian President Luiz Inacio Lula da Silva worked in his youth.
Reporting from Sao Paulo, here is correspondent Kang Cheongwan.
[Reporter]
At the South Korea-Brazil business event held in Sao Paulo, Brazil's economic hub.
With dozens of business leaders from both countries in attendance, including Hyundai Motor Group Executive Chair Chung Euisun, POSCO Chairman Chang In-hwa, and Korean Air Chairman Cho Won-tae, President Lee stated that both nations can generate synergy by leveraging each other's strengths.
[President Lee Jae-myung: If South Korea's unrivaled innovative technology and manufacturing capabilities join forces with Brazil's abundant resources, our two countries can leap forward into optimal partners.]
He also named the joint development of next-generation civil aircraft, critical minerals such as rare earths, and K-beauty as core areas for cooperation.
[President Lee Jae-myung: (South Korea and Brazil) can grow together as manufacturing powerhouses in aircraft, important partners in supply chain cooperation, and furthermore, as leaders in the global beauty market.]
Seven business-to-business MOUs were also signed, including Korea Aerospace Industries supplying parts to Brazil's aircraft manufacturer Embraer—which also supplies transport aircraft to the South Korean Air Force—and POSCO securing a stable supply of rare earths for permanent magnets.
Kim Yong-beom, Chief of Policy at the Presidential Office, conveyed that Brazilian President Lula proposed doubling the bilateral trade volume, which stood at around USD 14.3 billion last year, within two years.
After touring the Sao Paulo metalworkers' union office where President Lula worked in his youth, President Lee wrote on social media, "Creating a world that respects labor is no different in Brazil or the Republic of Korea."
Having concluded all schedules for his state visit to Brazil, President Lee is now heading to Chile, the second stop of his South American tour.
(Video reporting: Jung Sang-bo, Video editing: Wi Won-yang, Design: Choi Jin-hoe)
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