Lee proposes aircraft, critical minerals and K-beauty cooperation with Brazil

President Lee Jae Myung called on South Korean and Brazilian businesses Tuesday to capitalize on their complementary strengths, identifying next-generation commercial aircraft, critical minerals and K-beauty as potential engines of growth. Lee outlined his vision for deeper economic cooperation between the two countries at a business roundtable in Sao Paulo, a day after holding summit talks with Brazilian President Luiz Inacio Lula da Silva in Brasilia. “As global uncertainty grows, it is more important than ever to find partners that can build on each other’s strengths and create synergies,” Lee said in his opening remarks. READ: What Do You Want […]...Keep on reading: Lee pitches aircraft, minerals and K-Beauty to power Korea-Brazil growth

SAO PAULO — President Lee Jae Myung said Tuesday that Korea and Brazil have significant potential to expand economic cooperation, citing aircraft, critical minerals and cosmetics as areas where the countries could achieve greater collaboration. The Korean president made the remarks at a business roundtable in Sao Paulo, which brought together leaders of major companies from both countries to explore joint business opportunities. "Considering the sizes of the two countries' economies, the potential for bilateral economic cooperation is very significant," Lee said in his welcoming speech at the event. The president noted that despite the significant potential, bilateral trade volume remains relatively "very small." He cited the joint development of next-generation civil aircraft, critical mineral supply chains and Korean beauty products as areas where the two countries could achieve "big outcomes" through cooperation. "The deepening technological hegemony, represented by the artificial intelligence (AI) revolution and shifting supply chains, is rapidly transforming global industries and t