The Minister of Foreign Affairs and Trade of the Republic of Korea (South Korea), Kim Sung-hwan, will visit Brazil between May 26 and 28. While in Brasília, he will be hosted by the Minister of External Relations, Antonio de Aguiar Patriota, on May 28.
The Foreign Ministers will review the main issues in the bilateral agenda, such as cooperation on science, technology and innovation, trade and investments and cooperation on education. They will also address multilateral affairs, in particular the United Nations Conference on Sustainable Development (Rio+20).
During the visit, a Memorandum of Understanding on cooperation for diplomatic training between the Rio Branco Institute and the South Korean diplomatic academy (“Korea National Diplomatic Academy”) will be signed.
South Korea was Brazil’s 7th main partner in 2011, when the bilateral trade flow reached US$ 14.8 billion, a 274% increase over a five-year period. With US$ 1.08 billion allocated in 2011, South Korea is also a major investor in Brazil, with a presence in the oil, consumer electronics and transport sectors.