Chile's President Boric urges deeper partnership with South Korea beyond trade

By Park Sae-jin Posted : October 30, 2025, 15:00 Updated : October 30, 2025, 15:00
Chilean President Gabriel Boric delivers remarks at the Korea-Chile Business Forum held at the Shilla Hotel in Seoul on October 30 2025 AJP Yoo Na-hyun
Chilean President Gabriel Boric delivers remarks at the Korea-Chile Business Forum held at the Shilla Hotel in Seoul on October 30, 2025. AJP Yoo Na-hyun

SEOUL, October 30 (AJP) - Chilean President Gabriel Boric on Thursday called for a broader partnership with South Korea that extends beyond trade and investment, emphasizing shared democratic values, culture, and innovation as the foundation for future cooperation.

Speaking at the Korea-Chile Business Forum at the Shilla Hotel in Seoul, Boric said he had traveled nearly 35 hours from Santiago to attend, calling the visit a symbol. "Despite the 18,000 kilometers that separate us, we still feel close," the president said.

"What unites us is not only trade or investment, but the human acts that shape culture," he said. "The bonds that last between nations are those that go beyond money and bring encounters of spirit."

He reflected on the parallels between South Korea and Chile's democratic transitions in the late 1980s, noting that Chile had closely followed Korea's experience during that time. "You had your democratic elections in 1987, and we held our plebiscite to recover democracy in 1988. Even from afar, we felt connected to your struggle and your example," he said.
 
Chilean President Gabriel Boric delivers remarks at the Korea-Chile Business Forum held at the Shilla Hotel in Seoul on October 30 2025 AJP Yoo Na-hyun
Chilean President Gabriel Boric delivers remarks at the Korea-Chile Business Forum held at the Shilla Hotel in Seoul on October 30, 2025. AJP Yoo Na-hyun

Boric also spoke about the growing cultural exchange between the two countries, particularly through the spread of Korean pop culture among younger Chileans. "Everywhere I go in Chile, children hand me photos of Korean artists," he said. "It may seem trivial, but I am convinced it is not, because the ties that endure are those that touch people's spirits."

The president praised South Korea's rise as a global technology and cultural leader, describing it as an inspiration for Chile's own transformation. "You have shown the world that through education and innovation, a nation can change its destiny," he said. "Chile is beginning to walk that path, especially in innovation and technology, but we still have much to learn."

Boric highlighted opportunities for Korean companies to take part in Chile's transition toward clean energy and sustainable industries. He pointed to Chile's leadership in copper production, lithium reserves, and renewable energy development, saying, "We are producing green hydrogen at globally competitive prices, and we are consolidating our position as a digital hub in Latin America. We want Korean companies to participate actively in these new engines of growth."

He also underlined Chile's institutional stability and commitment to democracy as a key factor for investors. "Chile is not a perfect country," he said, "but for more than 35 years we have maintained a firm conviction that democracy, institutions, and respect for human rights are the way to build a more equal nation."

The Korea-Chile Business Forum was co-hosted by the Korea International Trade Association (KITA), the Chilean Embassy in Seoul, ProChile, and InvestChile. About 200 participants, including government officials and business leaders from both sides, attended the event, held during President Boric's visit to South Korea for the APEC Leaders' Week meetings.
 
KITA Chairman Yoon Jin-sik delivers opening remarks at the Korea-Chile Business Forum held at the Shilla Hotel in Seoul on October 30 2025 AJP Yoo Na-hyun
KITA Chairman Yoon Jin-sik delivers opening remarks at the Korea-Chile Business Forum held at the Shilla Hotel in Seoul on October 30, 2025. AJP Yoo Na-hyun

KITA Chairman Yoon Jin-sik noted in his opening remarks that the Korea-Chile Free Trade Agreement, which took effect in 2004, was Korea's first FTA and Chile's first with an Asian country. "Over the past 20 years, bilateral trade has more than tripled," Yoon said. "Our cooperation has expanded into lithium, renewable energy, and climate change response. This forum will help deepen our partnership and identify new opportunities for collaboration."

Ignacio Fernández, Director General of ProChile, called Korea "a strategic partner of more than six decades" and emphasized Chile's trade network as a gateway to the wider region. "When you trade with Chile, you are not only working with 20 million Chileans," he said. "You are also reaching a platform that connects you to over 600 million Latin Americans."

The event included business roundtables on investment and agriculture, where participants discussed cooperation in green energy, food trade, and agricultural technology. KITA also signed memoranda of understanding with ProChile and InvestChile to strengthen cooperation networks and promote joint projects between the two countries.
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