Meeting in Seoul, South Korean President Lee Jae Myung and Turkish President Recep Tayyip Erdogan formalized measures to advance industrial ties following a year of record US$10.7 billion bilateral trade. The two countries signed a memorandum of understanding to secure project financing, which proactively assists South Korean firms participating in Türkiye's planned Sinop nuclear power plant. In defence, the leaders committed to scaling up joint production and technological collaboration. They also agreed to help corporate entities from both nations jointly pursue opportunities in third-country markets.
Key points
Collaboration on the planned Sinop nuclear power plant continues to advance smoothly foll…: Collaboration on the planned Sinop nuclear power plant continues to advance smoothly following previous foundational agreements.
Türkiye is actively seeking deeper access to South Korea's expertise in semiconductor man…: Türkiye is actively seeking deeper access to South Korea's expertise in semiconductor manufacturing and advanced technological fields.
The two governments are intentionally using their free trade framework to drive joint com…: The two governments are intentionally using their free trade framework to drive joint commercial and security ventures internationally.
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Both countries had agreed to "deepen defence cooperation by expanding joint production and technological cooperation".
SEOUL: South Korea and Türkiye agreed to deepen cooperation in nuclear energy and defence, during a summit between their leaders on Tuesday (Nov 3) in Seoul.
Türkiye's visiting President Recep Tayyip Erdogan told a joint news conference that the documents signed on nuclear energy, building on an earlier memorandum of understanding, "will take this cooperation even further".
The memorandum signed in November 2025 laid the groundwork for cooperation on Türkiye's planned nuclear power plant in Sinop, a project in which South Korean companies are seeking to participate.
The two sides agreed that "cooperation on Türkiye's Sinop nuclear power plant project has been progressing smoothly", South Korea's President Lee Jae Myung said.
Another memorandum of understanding was signed on Tuesday "on financing cooperation for nuclear power projects to proactively support South Korean companies' participation", he added.
On defence, Lee said the two countries had agreed to "deepen defence cooperation by expanding joint production and technological cooperation, while also exploring opportunities for companies from both countries to…
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