02/17/2026 | Press release | Distributed by Public on 02/18/2026 14:30
At the invitation of President Lee Jae Myung, President Luiz Inácio Lula da Silva will make a State visit to the Republic of Korea on February 23.
The visit aims to consolidate high-level political dialogue between the two countries and to provide an opportunity to raise the relationship to the level of a Strategic Partnership. The 2026-2029 Action Plan is expected to be adopted, setting out priorities for the period.
The visit will also make offer the opportunity to expand cooperation on issues of mutual interest, such as semiconductors, pharmaceuticals, cosmetics, artificial intelligence, and energy transition.
Bilateral trade holds significant potential for growth, with a focus on value chain integration and diversification of the trade agenda, particularly through the opening of the South Korean market to Brazilian agricultural products.
In 2025, South Korea was Brazil's fourth-largest trading partner in Asia and the fifth-largest destination for Brazilian exports to the region. Trade totaled $10.8 billion and with a Brazilian surplus of $174 million. South Korea is the 19th-largest investor in Brazil, with an estimated stock of $8.8 billion in 2024.