POSCO Group is taking the helm in strengthening South Korea’s partnership with Australia across various sectors, including core minerals, clean energy, and national security. This announcement was made during the 44th meeting of the Korea-Australia Joint Council held in Seoul.
During the meeting, POSCO Group Chairman Choi Jeong-woo emphasized the evolving nature of cooperation between South Korea and Australia. He stated, “South Korea and Australia are actively forging new realms of collaboration, extending beyond their enduring partnership to encompass core minerals and hydrogen.”
The Korea-Australia Joint Council, launched in 1979, has traditionally centered its activities on the steel industry. However, this transformative shift recognizes the changing global landscape, where core minerals, renewable energy, and eco-friendly technologies assume critical roles.
This expanded partnership addresses ambitious objectives, including securing access to crucial minerals such as rare earth elements and lithium, advancing clean energy solutions, developing eco-friendly materials, and enhancing national security.
To achieve these goals, technology will play a central role. Advanced geophysical and remote sensing technologies will aid in mineral exploration, while research into hydrogen production methods and eco-friendly materials will be prioritized. Collaboration in defense technologies will also strengthen the security capabilities of both nations.
The expansion of the South Korea-Australia partnership carries the potential for significant benefits, including economic growth, contribution to the global energy transition, resource security, and enhanced national security.