Korea, Brazil deepen rare earth ties and fast-track space cooperation

President Lee Jae-myung speaks during the Korea–Brazil joint press announcement at the Palácio da Alvorada in Brasília on the 27th (local time), alongside Brazilian President Luiz Inácio Lula da Silva. /Courtesy of Yonhap News xyz@yna.co.kr/2026-07-28 02:10:17/ <Copyright ⓒ 1980-2026 Yonhap News Agency. All rights reserved. Reproduction and redistribution prohibited, AI training and use prohibited>

Korea will strengthen rare earth supply chain cooperation with Brazil. It will also accelerate cooperation in the space industry.

According to the Blue House and others, the government said on the 27th (local time) that it signed seven memorandums of understanding (MOUs) with the Brazilian government, including supply chain cooperation, on the occasion of President Lee Jae-myung's state visit to Brazil.

First, the government decided to strengthen supply chain cooperation with Brazil, which has the world's second-largest rare earth reserves. The two countries signed an industrial technology cooperation MOU to promote technological cooperation in seven advanced strategic sectors, including supply chains and the bioeconomy.

A space cooperation MOU was also signed. When domestic corporations such as INNOSPACE use Brazil's launch sites, the two countries will streamline launch regulations, including launch authorization procedures.

Korea will strengthen rare earth supply chain cooperation with Brazil. It will also accelerate cooperation in the space industry.

According to the Blue House and others, the government said on the 27th (local time) that it signed seven memorandums of understanding (MOUs) with the Brazilian government, including supply chain cooperation, on the occasion of President Lee Jae-myung's state visit to Brazil.

First, the government decided to strengthen supply chain cooperation with Brazil, which has the world's second-largest rare earth reserves. The two countries signed an industrial technology cooperation MOU to promote technological cooperation in seven advanced strategic sectors, including supply chains and the bioeconomy.

A space cooperation MOU was also signed. When domestic corporations such as INNOSPACE use Brazil's launch sites, the two countries will streamline launch regulations, including launch authorization procedures.