Korea-Australia Economic Security Dialogue Focuses on Energy and Critical Minerals

The Ministry of Foreign Affairs announced that Park Jong-han, the Economic Diplomacy Coordinator, held the first Korea-Australia Economic Security Dialogue on August 18 in Seoul with George Mina, the Deputy Secretary for Trade and Investment at the Australian Department of Foreign Affairs and Trade.

According to Yonhap News Agency, the ministry noted that Australia is South Korea's largest supplier of liquefied natural gas (LNG) and that the two countries have maintained a high level of complementarity in the energy and resources sectors.

The ministry further explained that Australia is a key partner with significant potential for cooperation in energy, critical mineral supply chains, and essential and emerging technologies, particularly as a like-minded country in the Indo-Pacific region.

During the dialogue, both sides assessed the global economic security environment and discussed key issues such as energy security, critical minerals, and essential technologies. They also shared relevant policies and exchanged views on specific cooperation measures.

Representatives from related ministries, including the Ministry of Industry, Trade and Energy and the Ministry of Science and ICT, also attended the dialogue.