Seoul: Brazilian President Luiz Inacio Lula da Silva has accepted President Lee Jae Myung's invitation to visit South Korea, and the two sides are coordinating the schedule of the trip, Cheong Wa Dae said Thursday. Lee's office confirmed that Lula's upcoming visit is currently "under consultation," and the schedule will be announced once it is finalized.

According to Yonhap News Agency, the two leaders first met on the sidelines of the Group of Seven summit in Canada in June last year. President Lee later extended an invitation for President Lula to visit South Korea during their meeting on the margins of the Group of 20 (G20) summit in South Africa in November.

Brazil holds the position of South Korea's largest trading partner in South America. This upcoming visit marks Lula's return to South Korea since his last visit in 2010 to attend the G20 summit.