South Korea and Brazil sign deals on K-beauty, trade
Summary
South Korea and Brazil have signed agreements to boost trade and regulatory cooperation in the health sector, making K-beauty products more accessible in Brazil. The two countries also elevated their relationship to a strategic partnership during President Lula's state visit to Seoul.
Key Points
- South Korea and Brazil signed multiple agreements during President Lula's visit to Seoul.
- A memorandum of understanding was signed to enhance regulatory cooperation in the health sector, easing access to K-beauty products in Brazil.
- Annual trade between the two countries exceeds $10 billion.
- Both nations agreed to elevate their bilateral relationship to a strategic partnership.
