Italy and South Korea Strengthen Ties with Strategic Finance and Tech MOUs
Key Agreements and Discussions Between Italy and South Korea
Bilateral Cooperation and Memorandums of Understanding
ROME, June 12 (Reuters) - Italy's Prime Minister Giorgia Meloni and South Korean President Lee Jae Myung on Friday pledged to deepen bilateral ties, signing memorandums spanning technology and development cooperation.
Focus Areas: Technology and High-Tech Sectors
• The leaders discussed closer cooperation in semiconductors and high-tech sectors including artificial intelligence, space, automotive and energy.
Support for SMEs and Social Economy
• MOUs also covered small and medium-sized enterprises and cooperation in the social economy.
Strategic Action Plan and International Collaboration
U.N. Security Council Reform
• The countries signed a strategic action plan that included an aspiration to reform the U.N. Security Council to make it more representative and effective.
Commitment to Regional and Global Stability
• The leaders also discussed international issues, reaffirming their commitment to Indo-Pacific stability and efforts to reopen the Strait of Hormuz.
Business Engagements and Economic Partnerships
Meetings with Industry Leaders
• Meloni and Lee are due to meet business leaders later on Friday, including Samsung Electronics Chairman Jay Y. Lee, Fincantieri Chairman Biagio Mazzotta and Ferrari CEO Benedetto Vigna.($1 = 0.8648 euros)
Reporting Credits
(Reporting by Angelo Amante in Rome and Joyce Lee in Seoul; Editing by Alison Williams)
