Lee Calls for Deeper Korea-Mexico Economic Partnership

President Lee Jae Myung has called for South Korea and Mexico to deepen their economic partnership, describing the Latin American country as an indispensable strategic partner at a bilateral business gathering in Mexico City.

Lee made the appeal during a meeting he co-hosted with Mexican President Claudia Sheinbaum. Dozens of business leaders from both countries attended, bringing corporate priorities into a discussion shaped by changing supply chains and wider uncertainty in the global economy.

According to South Korea’s presidential office, Lee said the two countries should raise the level of their economic cooperation as international supply networks undergo rapid changes. His remarks framed closer ties with Mexico as part of Seoul’s response to a less predictable trading environment, rather than as cooperation confined to a single industry.

Lee also pledged support for the successful implementation of Sheinbaum’s Plan Mexico. The initiative, announced last year, is intended to strengthen Mexico’s industrial competitiveness and expand infrastructure. The leaders’ meeting examined ways to increase investment and trade between companies in the two countries.

The South Korean delegation included SK Group Chairman Chey Tae-won and LG Group Chairman Koo Kwang-mo. Corporate participants said bilateral activity was already moving beyond established areas such as automobiles and household appliances. They identified electricity, energy, mobility and beauty as additional fields in which cooperation is expanding.

Business representatives also emphasized the need for stable conditions in Mexico for corporate operations. They expressed hope that the two governments would move quickly toward an economic pact that could provide a stronger framework for investment and commercial ties.

The discussions highlight the dual diplomatic and commercial purpose of Lee’s engagement with Mexico. Seoul is seeking more resilient overseas partnerships while major Korean companies look for opportunities across manufacturing, infrastructure and consumer industries. Mexico, meanwhile, is pursuing investment and industrial development under Sheinbaum’s national strategy.

No agreement was announced at the business meeting. The emphasis instead was on political support for a broader relationship and on the conditions needed for companies to expand activity. Any future economic pact would require further work by the two governments, but the gathering placed that objective prominently on the bilateral agenda.