Italy’s Prime Minister Giorgia Meloni and South Korean President Lee Jae Myung on Friday pledged to deepen bilateral ties, signing memorandums spanning technology and development cooperation.
The leaders discussed closer cooperation in semiconductors and high-tech sectors including artificial intelligence, space, automotive and energy.
MOUs also covered small and medium-sized enterprises and cooperation in the social economy.
The countries signed a strategic action plan that included an aspiration to reform the U.N. Security Council to make it more representative and effective.
The leaders also discussed international issues, reaffirming their commitment to Indo-Pacific stability and efforts to reopen the Strait of Hormuz.
Meloni and Lee are due to meet business leaders later on Friday, including Samsung Electronics (005930.KS), Chairman Jay Y. Lee, Fincantieri (FCT.MI), Chairman Biagio Mazzotta and Ferrari (RACE.MI), CEO Benedetto Vigna. ($1 = 0.8648 euros)
