President Lee Jae-myung held a summit on the morning of October 8 with Egyptian President Abdel Fattah el-Sisi, who is on a state visit to South Korea, and is hosting a state luncheon.

During the meeting, the two leaders agreed to elevate bilateral relations to a "strategic partnership" and to launch negotiations for a Comprehensive Economic Partnership Agreement (CEPA).

They also agreed to expand cooperation by signing memoranda of understanding in fields including shipbuilding, defense, culture, and people-to-people exchanges.

President el-Sisi's trip marks his first visit to South Korea in 10 years since 2016, and comes about 11 months after his previous meeting with President Lee in November of last year.