Korea and Brazil Sign MOUs in Five Areas... MERCOSUR Talks to Resume in December
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- 2026-07-29 06:00:00
- Updated
- 2026-07-29 06:00:00
After wrapping up his schedule in Brasília, Lee will continue his economic diplomacy in São Paulo by meeting business leaders from both countries, including Hyundai Motor Group Chairman Chung Eui-sun, whose company operates a local production plant there. Lee and Lula held a 136-minute summit, 46 minutes longer than originally scheduled, and adopted the Joint Korea-Brazil Summit Declaration. Lula, now serving his third term, has hosted summit talks at his residence only four times before, with Lee becoming the fourth, following Xi Jinping, Narendra Modi, and former French President Jacques Chirac.
Brazil typically holds summit meetings in the presidential office. At the summit, the two sides discussed ways to deepen cooperation in a wide range of areas, including politics, trade and investment, resources and energy, defense, space and aviation, health and cosmetics, culture and people-to-people exchanges, as well as multilateral issues and the situation on the Korean Peninsula. In particular, Lee and Lula agreed that negotiations on a trade agreement between Korea and MERCOSUR are a key foundation for a new leap forward in bilateral economic cooperation, especially as uncertainty in the global trade environment grows.
After wrapping up his schedule in Brasília, Lee will continue his economic diplomacy in São Paulo by meeting business leaders from both countries, including Hyundai Motor Group Chairman Chung Eui-sun, whose company operates a local production plant there. Lee and Lula held a 136-minute summit, 46 minutes longer than originally scheduled, and adopted the Joint Korea-Brazil Summit Declaration. Lula, now serving his third term, has hosted summit talks at his residence only four times before, with Lee becoming the fourth, following Xi Jinping, Narendra Modi, and former French President Jacques Chirac.
Kang Yoo-jung, senior presidential spokesperson, said in a written briefing that the two countries agreed to establish a Korea-Brazil bilateral working group to analyze trade opportunities and sensitivities in order to announce the resumption of talks at the 69th MERCOSUR summit in December. MERCOSUR is South America's largest economic bloc, made up of Brazil, Argentina, Paraguay, and Uruguay. On the occasion of the summit, Korea and Brazil signed MOUs in five areas: space, sports, education, energy, and industrial technology.
After wrapping up his schedule in Brasília, Lee will continue his economic diplomacy in São Paulo by meeting business leaders from both countries, including Hyundai Motor Group Chairman Chung Eui-sun, whose company operates a local production plant there. Lee and Lula held a 136-minute summit, 46 minutes longer than originally scheduled, and adopted the Joint Korea-Brazil Summit Declaration. Lula, now serving his third term, has hosted summit talks at his residence only four times before, with Lee becoming the fourth, following Xi Jinping, Narendra Modi, and former French President Jacques Chirac.
Two additional agreements on film and cybersecurity cooperation were concluded separately. Lee asked Lula to pay special attention to and support Korean companies so they can invest and expand their businesses in Brazil with stability. Lula said Korean companies are contributing to Brazil's economic and industrial development, and pledged active support for expanded investment and stable business operations.
After wrapping up his schedule in Brasília, Lee will continue his economic diplomacy in São Paulo by meeting business leaders from both countries, including Hyundai Motor Group Chairman Chung Eui-sun, whose company operates a local production plant there. Lee and Lula held a 136-minute summit, 46 minutes longer than originally scheduled, and adopted the Joint Korea-Brazil Summit Declaration. Lula, now serving his third term, has hosted summit talks at his residence only four times before, with Lee becoming the fourth, following Xi Jinping, Narendra Modi, and former French President Jacques Chirac.
The two sides also agreed to further broaden defense and arms cooperation by launching a joint defense committee and beginning talks on an agreement on the protection and exchange of military secret information. Lee said he hopes Korean defense products will lead to mutually beneficial cooperation with Brazil. At the joint press statement, the two leaders also appeared warm and friendly.
After wrapping up his schedule in Brasília, Lee will continue his economic diplomacy in São Paulo by meeting business leaders from both countries, including Hyundai Motor Group Chairman Chung Eui-sun, whose company operates a local production plant there. Lee and Lula held a 136-minute summit, 46 minutes longer than originally scheduled, and adopted the Joint Korea-Brazil Summit Declaration. Lula, now serving his third term, has hosted summit talks at his residence only four times before, with Lee becoming the fourth, following Xi Jinping, Narendra Modi, and former French President Jacques Chirac.
During the photo session, Lula made a finger-heart gesture, and Lee laughed broadly before joining in, keeping the atmosphere cheerful throughout. At the state luncheon held to welcome Lee, the two leaders also displayed their close friendship.
After wrapping up his schedule in Brasília, Lee will continue his economic diplomacy in São Paulo by meeting business leaders from both countries, including Hyundai Motor Group Chairman Chung Eui-sun, whose company operates a local production plant there. Lee and Lula held a 136-minute summit, 46 minutes longer than originally scheduled, and adopted the Joint Korea-Brazil Summit Declaration. Lula, now serving his third term, has hosted summit talks at his residence only four times before, with Lee becoming the fourth, following Xi Jinping, Narendra Modi, and former French President Jacques Chirac.
The meal was prepared by Brazilian chef Mara Salles, and the cover of the menu placed on the luncheon table featured a work by designer Lee Jin-hee, ambassador for Jinju silk, depicting a media facade of Christ the Redeemer using a hanbok motif. After finishing his schedule in Brasília and moving on to São Paulo, Lee held a luncheon meeting with members of the Korean community on the 28th and listened to their concerns.
After wrapping up his schedule in Brasília, Lee will continue his economic diplomacy in São Paulo by meeting business leaders from both countries, including Hyundai Motor Group Chairman Chung Eui-sun, whose company operates a local production plant there. Lee and Lula held a 136-minute summit, 46 minutes longer than originally scheduled, and adopted the Joint Korea-Brazil Summit Declaration. Lula, now serving his third term, has hosted summit talks at his residence only four times before, with Lee becoming the fourth, following Xi Jinping, Narendra Modi, and former French President Jacques Chirac.
He then visited the metalworkers' union office where Lula had been active in his youth and continued his economic sales diplomacy at the Korea-Brazil Business Roundtable, attended by business leaders from both countries. Hyundai Motor Group Chairman Chung Eui-sun attended the business roundtable.
After wrapping up his schedule in Brasília, Lee will continue his economic diplomacy in São Paulo by meeting business leaders from both countries, including Hyundai Motor Group Chairman Chung Eui-sun, whose company operates a local production plant there. Lee and Lula held a 136-minute summit, 46 minutes longer than originally scheduled, and adopted the Joint Korea-Brazil Summit Declaration. Lula, now serving his third term, has hosted summit talks at his residence only four times before, with Lee becoming the fourth, following Xi Jinping, Narendra Modi, and former French President Jacques Chirac.
1 billion in eco-friendly vehicles and future technologies by 2032. Also present were Ryu Jin, chairman of the Federation of Korean Industries; Chang In-hwa, chairman of POSCO Group; Walter Cho, chairman of Korean Air; Park Seung-hee, president of Samsung Electronics; Ryu Jae-cheol, CEO of LG Electronics; Lee Dong-hoon, CEO of SK Biopharmaceuticals; Jung In-sub, president of Hanwha Ocean; Jae-young Moon, CEO of HD Construction Equipment; Soo Yeon Choi, CEO of Naver; and Kim Jong-chul, president of Korea Aerospace Industries.
After wrapping up his schedule in Brasília, Lee will continue his economic diplomacy in São Paulo by meeting business leaders from both countries, including Hyundai Motor Group Chairman Chung Eui-sun, whose company operates a local production plant there. Lee and Lula held a 136-minute summit, 46 minutes longer than originally scheduled, and adopted the Joint Korea-Brazil Summit Declaration. Lula, now serving his third term, has hosted summit talks at his residence only four times before, with Lee becoming the fourth, following Xi Jinping, Narendra Modi, and former French President Jacques Chirac.
After wrapping up his schedule in Brasília, Lee will continue his economic diplomacy in São Paulo by meeting business leaders from both countries, including Hyundai Motor Group Chairman Chung Eui-sun, whose company operates a local production plant there. Lee and Lula held a 136-minute summit, 46 minutes longer than originally scheduled, and adopted the Joint Korea-Brazil Summit Declaration. Lula, now serving his third term, has hosted summit talks at his residence only four times before, with Lee becoming the fourth, following Xi Jinping, Narendra Modi, and former French President Jacques Chirac.
They discussed cooperation in manufacturing and infrastructure, advanced industries, and consumer goods and distribution.
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