Seoul: President Lee Jae Myung emphasized Thursday that South Korea and Chile have the potential to create synergy in sectors such as critical minerals, advanced manufacturing, and the defense industry through collaboration.

According to Yonhap News Agency, President Lee made these remarks during a South Korea-Chile business roundtable held in Santiago. The event brought together executives from over 20 companies from both countries to explore joint business opportunities.

Lee expressed confidence in the potential for significant synergy through cooperation, particularly in the distribution and utilization of critical minerals, alongside advancements in manufacturing and defense sectors. He described South Korea and Chile as optimal partners, citing the deep trust between the nations, Chile's rich reserves of critical minerals, and South Korea's strength in advanced manufacturing.

The president also expressed hope that both countries will collaborate to turn changes in the global economic order into opportunities for shared prosperity. Santiago marked the second stop on Lee's three-nation South America tour, which will also include a summit with Argentine President Javier Milei in Argentina.