Today, Prime Minister Giorgia Meloni and South Korean President Lee Jae Myung committed to strengthening bilateral ties, signing a series of memoranda regarding cooperation in technology and development.

o The two leaders discussed closer cooperation in the semiconductor and high-tech sectors, including artificial intelligence, space, automotive, and energy.

o The memoranda of understanding also cover small and medium-sized enterprises as well as cooperation in the social economy.

o The two countries signed a strategic action plan that included the aspiration to reform the United Nations Security Council to make it more representative and effective.

o The leaders further discussed international issues, reaffirming their commitment to stability in the Indo-Pacific and efforts to reopen the Strait of Hormuz.

o Later today, Meloni and Lee will meet with several business leaders, including Samsung Electronics Chairman Jay Y. Lee, Fincantieri Chairman Biagio Mazzotta, and Ferrari CEO Benedetto Vigna.

(Translated by Jasmine Mazzarello, editing by Claudia Cristoferi)