Post: S. Korea and Malaysia to Establish Strategic Partnership to Deepen Bilateral Cooperation.

Seoul: South Korean President Yoon Suk Yeol and Malaysian Prime Minister Anwar Ibrahim agreed on Monday to establish a strategic partnership to deepen bilateral cooperation in the defense industry, trade, energy, supply chains, and other areas. According to Qatar News Agency, the leaders pledged to broaden the scope of collaboration in a wide range of areas as the two countries commemorate the 65th anniversary of their diplomatic ties. The two leaders also committed to concluding negotiations on a bilateral free trade agreement by next year to boost cooperation in services, investment, and emerging industries, such as biotechnology and green energy. On the sidelines of the summit, both governments signed memorandums of understanding to facilitate collaboration in critical mineral supply chains, carbon capture and storage technologies, greenhouse gas reduction projects, and tourism.