Türkiye and South Korea signed a memorandum of understanding on cooperation in financing nuclear power plants on Tuesday, marking a new step in efforts to deepen economic and strategic ties between the two countries.
The announcement was made during a joint news conference in Seoul by Turkish President Recep Tayyip Erdogan and South Korean President Lee Jae-myung, following their meeting.
Erdogan said the leaders had discussed ways to strengthen bilateral cooperation across various sectors in a “dynamic and forward-looking manner”.
Leaders seek to boost trade to $15 billion
The talks also focused on expanding bilateral trade, which stood at around $11 billion last year, towards a target of $15 billion, Erdogan said.
The Turkish president noted that Ankara and Seoul shared similar views on global issues, expressing Türkiye's support for dialogue aimed at achieving lasting peace and stability on the Korean Peninsula.
He also highlighted progress in defence cooperation, calling for further joint projects following collaboration on Türkiye's Firtina self-propelled howitzers and Altay main battle tanks.
South Korea’s Lee said the two countries had agreed to deepen cooperation in the defence industry, signalling a shared commitment to broadening their partnership beyond trade and energy.
