South Korea, Malaysia agree to cooperate in defence, minerals

South Korea, Malaysia agree to cooperate in defence, minerals

South Korean president Yoon Suk Yeol and Prime Minister Anwar Ibrahim also shared their commitment at a summit to conclude a free trade agreement by next year.

Prime Minister Anwar Ibrahim with South Korean president Yoon Suk Yeol in Seoul today. (Bernama pic)
SEOUL:
Malaysia signed an agreement today with South Korea to cooperate in supplying critical minerals from Malaysia’s reserves and boost cooperation in the defence industry as the country looks to upgrade its air force jets.

South Korean president Yoon Suk Yeol and Prime Minister Anwar Ibrahim also shared their commitment at a summit to conclude a free trade agreement by next year, which would include additional areas such as services, investment and green energy, Yoon’s office said.

South Korea invited continued interest from Malaysia as it embarks on a project to replace light fighter jets, after a 2023 contract to supply 18 jets valued at US$920 million, Yoon’s office said in a statement.

The countries also agreed to establish an institutional foundation to cooperate on climate change, including for a previously signed memorandum of understanding on a carbon capture and storage project, which is scheduled to launch in 2029.

Yoon and Anwar also shared concern over the growing military cooperation between North Korea and Russia, and the humanitarian crisis in Gaza and violence in Lebanon due to the Middle East conflict.

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