The presidents Lee Jae Myung and Recep Tayyip Erdogan agreed in Seoul to expand cooperation in nuclear energy and defense, signing a memorandum on financing for nuclear power projects to support the participation of South Korean companies.

According to Lee, cooperation on Turkey’s Sinop nuclear power plant project “has been progressing smoothly.” On defense, the two countries agreed to expand joint production and technological cooperation and to explore opportunities for companies from both sides to enter third-country markets together. Bilateral trade reached a record $10.7 billion last year.