Brazil and South Korea have signed multiple agreements focusing on cooperation in critical minerals and trade during a G20 summit meeting between Presidents Lula and Lee Jae Myung.
During the G20 summit in November 2025, Brazil and South Korea formalized cooperation agreements mainly centered on critical minerals and trade, as announced by South Korean President Lee Jae Myung. The agreements outline a four-year plan aimed at enhancing bilateral relations across various sectors, including political, economic, and cultural exchanges. Lee emphasized the importance of cultural exchange, noting a 25% increase in Brazilian tourism to South Korea in recent years, indicating a growing connection between the two nations.
President Luiz Inácio Lula da Silva expressed his enthusiasm regarding the potential for collaboration beyond commerce, extending into health, entrepreneurship, agriculture, science, technology, and the fight against transnational organized crime. Lula's comments reveal a strategic vision for deepening ties that could lead to significant advancements in both countries' economies and broader bilateral relations. The agreements signify a commitment to strengthen the partnership by addressing shared interests and mutual development goals.
In light of these agreements, the initiative could align Brazil more closely with South Korea, particularly as both nations seek to enhance their positions in a competitive global market. The focus on critical minerals is particularly noteworthy, given the rising demand for such resources in various industries worldwide. This collaboration may not only boost economic growth in both countries but also pave the way for innovative joint ventures that address global challenges, establishing Brazil as a key player in the supply chain for critical minerals.
