Lee, ADB chief agree to boost cooperation on critical minerals, AI
President Lee Jae Myung, right, and Masato Kanda, president of the Asian Development Bank, pose prior to their talks at Cheong Wa Dae in Seoul, Monday. Courtesy of the presidential office
President Lee Jae Myung and the chief of the Asian Development Bank (ADB) agreed Monday to enhance cooperation on critical minerals and artificial intelligence (AI), the presidential office said.
Lee and ADB President Masato Kanda also discussed ways to deepen ties in energy, including nuclear power, during their talks at Cheong Wa Dae in Seoul, presidential spokesperson Kang Yu-jung said in a written briefing.
Lee proposed expanding cooperation between Korea and the ADB to help stabilize the supply chain of critical minerals in Central Asia, citing the growth potential of the region given its "abundant natural resources and geographical advantages."
Kanda expressed hope for cooperation with Korea, saying strengthening critical mineral supply chains is one of the ADB's top priorities.
On artificial intelligence, Lee outlined the Korean government's efforts to advance the AI sector, citing the "AI for all" project, an initiative aimed at creating an "AI-basic society" where people can use AI services regardless of income, age or digital literacy.
"We can achieve meaningful results by integrating Korea's AI capabilities and ADB's expertise in development," Lee was quoted as saying by his office.
The two sides also agreed to seek ways to utilize Korea's technology and experience in initiatives pursued by the ADB, including the ASEAN Power Grid project.