President Lee Jae Myung said Friday he and French President Emmanuel Macron agreed to work together to secure the safe passage through the Strait of Hormuz and mitigate the broad impact from the war in the Middle East.
Lee addressed concerns over uncertainties in global energy supply chains following summit talks with Macron, during which the two leaders discussed ways to deepen economic ties and strengthen coordination on security issues.
"President Macron and I agreed to share policy-related experiences and strategies in order to jointly address the economic and energy crises triggered by the Middle East war. We also concurred on working together to reduce uncertainty in the global economy," Lee said during a joint press announcement.
"We confirmed our commitment to bolstering energy security by expanding our cooperation in the nuclear and offshore wind power sectors while collaborating to secure safe maritime transport routes through the Strait of Hormuz," he added.
Lee said the two leaders also agreed to boost trade and investment with a goal of reaching $20 billion in annual bilateral trade by 2030, up from $15 billion last year.
