Evian-les-bains: South Korean President Lee Jae Myung held talks with Canadian Prime Minister Mark Carney on Tuesday, emphasizing the rapid advancement of bilateral ties in a mutually beneficial manner. The meeting occurred on the sidelines of the Group of Seven (G7) summit, marking Lee's second consecutive year attending as the leader of an invited nation.

According to Yonhap News Agency, the discussions between the two leaders took place ahead of Canada's anticipated announcement of a preferred bidder for its substantial submarine acquisition project, valued at 60 trillion-won (US$39.8 billion), expected in late June. A consortium comprising South Korea's Hanwha Ocean Co. and HD Hyundai Heavy Industries Co. is in competition with Germany's Thyssenkrupp Marine Systems for this significant defense contract.

In his opening remarks, President Lee expressed optimism about the advancing relations between South Korea and Canada, underscoring the mutual benefits derived from their collaboration. He proposed exploring more detailed areas of cooperation, highlighting the potential for expanded partnerships.

Prime Minister Carney responded by acknowledging the deepening partnership between the two nations, particularly in defense, investment, and cultural exchanges. President Lee, portraying South Korea as a defense manufacturing leader, assured Carney of South Korea's readiness to contribute to Canada's efforts to enhance its defense capabilities in response to the evolving global security environment, as conveyed by Lee's office.

Carney reaffirmed Canada's commitment to fostering cooperative ties with South Korea, advocating for continued dialogue on the matter. Both leaders also recognized the importance of establishing stable energy supply channels and agreed to pursue mutually beneficial cooperation in areas such as crude oil, liquefied natural gas, and critical minerals.