Lee, Belgian PM agree to expand investment in batteries, energy, boost market access

S Korea-Belgium summit

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| 2026-06-10 19:02:49

▲ President Lee Jae Myung (L) and Belgian Prime Minister Bart De Wever shake hands during their summit talks in Brussel on June 10, 2026. (Yonhap)
▲ This photo shows a summit under way between President Lee Jae Myung (2nd from R) and Belgian Prime Minister Bart De Wever (2nd from L) at the Belgian leader's residence in Brussels on June 10, 2026. (Pool photo) (Yonhap)

S Korea-Belgium summit

Lee, Belgian PM agree to expand investment in batteries, energy, boost market access

BRUSSELS, June 10 (Yonhap) -- South Korean President Lee Jae Myung and Belgian Prime Minister Bart De Wever agreed Wednesday to work together to expand investment in each other's country by their companies in areas including the battery, materials and energy sectors.

The two also agreed to work toward turning their countries into strategic footholds for each other's businesses in their expansion into their respective regions, according to a South Korean presidential official.

"The two sides agreed to expand cooperation in strategic industries in the future by promoting investment between companies from the two countries, particularly in the battery, materials and energy sectors," Cheong Wa Dae spokesperson Kang Yu-jung said of the Lee-De Wever summit held in Brussels.

The South Korean president is on a two-day visit here that began Tuesday. He is currently on a Europe trip that will later take him to Italy and then to France, where he is set to attend the Group of Seven (G7) summit.

On the sidelines of the Lee-De Wever summit, South Korea and Belgium also signed a memorandum of understanding (MOU) on strengthening cooperation in the development of small and medium-sized enterprises (SMEs) and startups.

Lee and De Wever agreed, based on the MOU, to promote communication and cooperation between their countries' small businesses, while pledging to help their countries serve as footholds for each other's SMEs seeking to expand into overseas markets as a way to pursue shared prosperity, according to Kang.

The summit comes as Seoul and Brussels mark this year the 125th anniversary of establishing diplomatic relations.

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