South Korea and South Africa Strengthen Cooperation on Minerals and Security

South Korean President Yoon Suk Yeol and South African President Cyril Ramaphosa met in Brazil to enhance cooperation in the critical minerals sector and security. The leaders discussed strengthening trade ties and proposed initiatives to mitigate supply chain instability. They also condemned North Korea’s military actions, framing them as violations of UN Security Council resolutions.

In a significant bilateral discussion held in Brazil, South Korean President Yoon Suk Yeol and South African President Cyril Ramaphosa focused on enhancing cooperation in the minerals sector, particularly concerning critical minerals and global supply chain security. This meeting occurred alongside the Group of 20 summit in Rio de Janeiro, where the leaders explored avenues to reinforce trade investments and energy ties between their nations. President Yoon proposed the establishment of a Korea-Africa critical minerals dialogue, seeking President Ramaphosa’s backing for this initiative, scheduled to be introduced at the upcoming Mining Indaba conference in South Africa in February. Furthermore, both leaders condemned North Korea’s military maneuvers and its support to Russia amid the ongoing conflict in Ukraine, framing such actions as violations of United Nations Security Council resolutions.

Recent global developments have underscored the significance of securing stable supply chains for critical minerals, essential for technological and energy advancements. South Korea and South Africa’s collaboration aims to mitigate risks of instability in this sector, particularly in the wake of shifting global power dynamics. Their joint commitment also reflects deeper strategic interests, particularly in response to geopolitical threats posed by North Korea, along with fostering economic ties through resource cooperation.

The meeting between President Yoon and President Ramaphosa highlights a proactive approach to addressing common challenges in the minerals sector and international security. By initiating a critical minerals dialogue and jointly responding to regional threats, both nations are taking crucial steps towards enhancing their bilateral relationship and promoting stability in global supply chains.

Original Source: www.socialnews.xyz