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South Korea, Brazil Agree to Accelerate Mercosur Trade Deal Talks

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South Korean President Lee Jae Myung and Brazilian President Luiz Inácio Lula da Silva agreed on Monday to accelerate negotiations for a long-delayed free trade agreement between South Korea and the Mercosur bloc.

During their summit in Brasília, the two leaders declared 2026 as the inaugural year of a new Korea-Brazil Strategic Partnership, establishing a high-level committee to deepen cooperation in trade, defense, aerospace, and critical minerals, according to a transcript of the summit shared on YouTube by Yonhap News.

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Hanwha Aerospace Secures Framework Supply Contract in South Korea

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