"Cooperation with Brazil in Aviation, Minerals, and K-Beauty"... Arrival in Chile

[Anchor]

President Lee Jae-myung has proposed that South Korean and Brazilian business leaders achieve concrete results in three key areas: aviation, minerals, and K-Beauty.

Reporter Kang Cheongwan has the story.

[Reporter]

At the South Korea-Brazil business event held in Sao Paulo, Brazil's economic capital.

With dozens of business leaders from both countries in attendance, including Hyundai Motor Group Executive Chair Chung Euisun, POSCO Chairman Chang In-hwa, and Hanjin Group 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 to become the optimal partners.]

He also named joint development of next-generation commercial aircraft, critical minerals such as rare earths, and K-Beauty as core areas for cooperation.

Seven business-to-business MOUs were also signed, including Korea Aerospace Industries supplying parts to Brazil's aircraft manufacturer Embraer—which also supplies transport planes 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 da Silva suggested doubling the bilateral trade volume, which stood at around $14.3 billion last year, within two years.

After touring the Sao Paulo metalworkers' union office where President Lula worked during his youth, President Lee wrote on social media, "Building a world that respects labor is no different in Brazil or the Republic of Korea."

Having concluded all schedules for his 3-day, 2-night state visit to Brazil, President Lee arrived in Santiago, the capital of Chile and the second stop on his South American tour.

President Lee will embark on his summit schedule with Chilean President Jose Antonio Castro tonight, Korea time (30th).

(Video Journalist : Jeong Sang-bo, Video Editor : Wi Won-yang, Design : Choi Jin-hoe)
※ Please note: This article was translated by AI and may contain errors.