South Korea and Türkiye Sign Four MOUs on Critical Minerals, Rare Earth Cooperation

Turkish President Erdogan Makes State Visit to South Korea on the 3rd
Blue House: "Expand Cooperation to Diversify Critical Mineral Supply Chains"

South Korea and Türkiye signed four memorandums of understanding (MOUs) on the 3rd during a summit between President Lee Jaemyung and Turkish President Recep Tayyip Erdogan, who was visiting South Korea on a state visit.

The two countries signed an MOU on cooperation in natural resources and mining, agreeing to share information on critical minerals, rare earth resources, and related projects. They will also build a strategic partnership in advanced materials for rare earths.

President Lee Jaemyung and Turkish President Erdogan Recep Tayyip shake hands ahead of an expanded Korea-Turkiye summit at Cheong Wa Dae on November 3, 2026. Yonhap News Agency

The Blue House said, "An intergovernmental cooperation channel has been established with Türkiye in the fields of resources and mining," adding that "a foundation has been laid to expand investment cooperation related to diversifying critical mineral supply chains."

The two countries also signed an MOU on energy cooperation to establish a framework for collaboration in the sector. They will strengthen cooperation on the energy transition through research and development and joint research, and expand exchanges in renewable energy and power grids.

The Export-Import Bank of Korea and Turkey's nuclear energy corporation signed an MOU on financial cooperation for nuclear power plant projects. The Blue House said the agreement would increase the chances of Korean companies winning nuclear power plant contracts in Türkiye through information sharing between the two institutions.

They also signed an MOU on science, technology, and innovation cooperation to expand joint research and development (R&D), as well as exchanges of personnel and information, focusing on six key areas, including artificial intelligence, biotechnology, advanced communications, and advanced materials.

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