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macroJul 26, 2026, 12:52 AM

South Korea eyes new trade deal with South America, critical minerals cooperation

President Lee Jae Myung said relations are entering a 'new phase,' with Seoul seeking to advance trade agreement talks and critical minerals cooperation with the region's trading bloc.

South Korean President Lee Jae Myung announced in an interview published Saturday that relations with South America are entering a 'new phase.' The country intends to advance negotiations for a trade agreement with the regional trading bloc. Lee also highlighted plans for enhanced cooperation on critical minerals, signaling a push to deepen economic engagement.

Source: First Squawk