The leaders agreed on a "Strategic Action Plan for 2026-2030," which includes initiatives for Africa development cooperation, advanced scientific research, maritime security, and defense industry collaboration.
This meeting, which took place five months after Meloni's visit to South Korea in January, resulted in the signing of four memoranda of understanding (MOUs) covering development cooperation, advanced technology and ICT collaboration, social solidarity economy, and support for small and medium-sized enterprises (SMEs).
The "Development Cooperation MOU" outlines joint projects in Uganda, Ethiopia, Egypt, and Côte d'Ivoire. Meloni is advancing the "Mattei Plan" starting in 2024 to address illegal immigration, diversify energy supplies, and expand regional influence, with South Korea agreeing to participate in this African partnership.
The two leaders also committed to strengthening cooperation in future strategic technology areas, including artificial intelligence (AI), quantum technology, biotechnology, and space technology, aiming to make digital and advanced technology collaboration a cornerstone of their special strategic partnership.
The "Social Solidarity Economy MOU" includes joint research on policies in the social solidarity economy sector and support for enhancing social finance. The "SME and Small Business Cooperation MOU" focuses on facilitating dialogue and institutional exchanges related to policies for SMEs.
During his state visit to Italy, President Lee is also scheduled to attend a "Korea-Italy Business Roundtable" at a hotel in Rome, where he will discuss economic cooperation between the two countries.
In his keynote address, Lee is expected to emphasize the importance of economic collaboration amid increasing uncertainties in the international order due to the AI revolution and supply chain restructuring.
The event will see participation from over 30 business leaders from both countries, along with government officials and representatives from various associations. Notable attendees from South Korea include Ryu Jin, chairman of the Korea Economic Association, Lee Jae-yong, chairman of Samsung Electronics, Koo Ja-eun, chairman of LS, Cho Hyun-joon, chairman of Hyosung, Kim Jung-soo, chairman of Samyang Foods, and others.
From Italy, attendees will include Vice President Marciai of the Italian Business Association, Giampiero Massolo, chairman of Fincantieri, and other prominent business leaders.
* This article has been translated by AI.
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