South Korea and Italy Strengthen Ties with New Agreements on AI, Chips and Minerals
South Korean President Lee Jae Myung and Italian Prime Minister Giorgia Meloni have agreed to deepen bilateral cooperation in advanced technologies, including artificial intelligence, semiconductors, aerospace, and critical minerals. The agreement was announced following summit talks in Seoul, where Meloni is on a state visit.
According to a statement from the presidential Blue House, the two leaders signed a memorandum of understanding (MoU) to strengthen collaboration in the semiconductor industry, with particular focus on integrating AI-related technologies. The accord reflects both nations’ shared commitment to enhancing innovation and technological resilience.
Focus on Semiconductor and Mineral Supply Chains
South Korea, recognised as a global leader in semiconductor production, will work closely with Italy to foster a more robust and reliable chip supply network. The partnership also includes efforts to build secure and sustainable critical mineral supply chains, which are essential for clean energy and high-tech industries.
“The leaders agreed to intensify joint efforts to develop resilient and reliable supply chains for critical minerals,” the Blue House statement said, underscoring a common interest in reducing vulnerabilities linked to resource dependence.
Broader Collaboration Beyond Technology
Beyond industrial cooperation, Lee and Meloni discussed broader areas of collaboration, including joint research initiatives, academic exchanges, tourism promotion, and cultural partnerships. Both reaffirmed their commitment to peace and stability on the Korean Peninsula, including the goal of complete denuclearisation.
Italy remains one of South Korea’s four largest trading partners within the European Union, a relationship that both governments aim to expand through strategic cooperation and increased trade opportunities.
Strengthening Diplomatic Relations
Prime Minister Meloni’s visit marks the first state visit by an Italian leader to South Korea in 19 years. Her trip forms part of a wider Asian tour that also includes Japan and Oman, signalling Italy’s growing interest in deepening economic and diplomatic engagement in the region.
During the meeting, Meloni expressed hopes that President Lee would make a reciprocal state visit to Italy later this year, a move that would further strengthen ties between the two nations.
with inputs from Reuters
