{"id":10185,"date":"2026-08-01T11:00:00","date_gmt":"2026-08-01T18:00:00","guid":{"rendered":"http:\/\/54.162.83.219\/?p=10185"},"modified":"2026-07-30T19:19:45","modified_gmt":"2026-07-31T02:19:45","slug":"south-korea-chile-upgrade-fta-critical-minerals-cooperation","status":"publish","type":"post","link":"https:\/\/guru.today\/?p=10185","title":{"rendered":"South Korea, Chile Move to Upgrade Trade Pact, Expand Critical Minerals Cooperation"},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"367\" height=\"268\" src=\"http:\/\/54.162.83.219\/wp-content\/uploads\/\uc2a4\ud06c\ub9b0\uc0f7-2026-07-31-\uc624\uc804-11.14.25.png\" alt=\"\" class=\"wp-image-10186\" style=\"width:646px;height:auto\" srcset=\"https:\/\/guru.today\/wp-content\/uploads\/\uc2a4\ud06c\ub9b0\uc0f7-2026-07-31-\uc624\uc804-11.14.25.png 367w, https:\/\/guru.today\/wp-content\/uploads\/\uc2a4\ud06c\ub9b0\uc0f7-2026-07-31-\uc624\uc804-11.14.25-300x219.png 300w\" sizes=\"(max-width: 367px) 100vw, 367px\" \/><figcaption class=\"wp-element-caption\">Photo=instagram<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">South Korean President Lee Jae Myung said on July 30 that South Korea and Chile agreed to modernize their bilateral free-trade agreement and revive a joint trade committee, as the two countries seek closer cooperation in critical minerals, energy and advanced manufacturing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Following a summit with Chilean President Jos\u00e9 Antonio Kast, Mr. Lee said the two governments would restart the Korea-Chile Free Trade Agreement Joint Committee to discuss ways to strengthen commercial ties, including updating the FTA.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Chile became the first South American country to recognize the Republic of Korea in 1949, while South Korea chose Chile as its first free-trade agreement partner in 2004. Bilateral trade has quadrupled over the past two decades, Mr. Lee said, calling the agreement a successful foundation for expanding economic ties.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The leaders also discussed broader regional trade initiatives, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP, and the Pacific Alliance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Critical minerals were a central focus of the talks. Mr. Lee said Chile\u2014the world&#8217;s largest copper producer and home to the world&#8217;s largest lithium reserves\u2014is a natural partner for South Korea, whose semiconductor and battery industries depend on secure supplies of strategic raw materials.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The two governments signed memorandums of understanding on a minerals partnership and investment cooperation, paving the way for closer collaboration on supply chains and industrial development.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mr. Lee also highlighted infrastructure cooperation, noting that South Korean companies have participated in Chilean infrastructure projects for more than two decades. He pointed to the Chacao Bridge, Chile&#8217;s flagship infrastructure project and South America&#8217;s first four-lane suspension bridge, as a symbol of the expanding partnership.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The two sides agreed to continue discussions on creating institutional frameworks for deeper cooperation in defense manufacturing and shipbuilding.<br>Mr. Lee thanked Chile for supporting South Korea&#8217;s Antarctic research missions and said the two countries would continue expanding scientific cooperation in Antarctica.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He also pledged continued government support for cultural exchanges, noting that Korean popular culture\u2014including K-pop, television dramas, food and beauty products\u2014has gained widespread popularity in Chile.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The leaders agreed to strengthen cooperation between police and coast guard authorities to combat transnational crime and illegal maritime activities, while reaffirming that protecting public safety remains a core responsibility of government<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On regional security, Mr. Lee sought Chile&#8217;s continued support for efforts to resolve North Korea&#8217;s nuclear issue and establish lasting peace on the Korean Peninsula. According to Mr. Lee, President Kast reaffirmed Chile&#8217;s support for peace and stability in the region.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The two countries also agreed to work closely on preparations for the fourth United Nations Ocean Conference, which they will co-host in 2028, and for Chile&#8217;s hosting of the Asia-Pacific Economic Cooperation leaders&#8217; summit in 2032.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mr. Lee concluded by describing South Korea and Chile as &#8220;amigos&#8221; and expressed hope that the two countries would build a stronger future together.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korean President Lee Jae Myung said on July 30 that South Korea and Chile agreed to modernize<\/p>\n","protected":false},"author":6,"featured_media":10186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[38,32,54],"tags":[],"class_list":["post-10185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-stories","category-everyday-economy","category-top-section"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>South Korea, Chile Agree to Upgrade FTA and Expand Critical Minerals Cooperation<\/title>\n<meta name=\"description\" content=\"South Korea and Chile agreed to modernize their free-trade agreement, revive a joint trade committee, and deepen cooperation in critical minerals, investment, infrastructure and defense.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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