During their summit at the presidential office in Yongsan, Seoul, the two leaders agreed to elevate their bilateral relationship to a comprehensive partnership, as the two countries mark 30 years of diplomatic relations.
"Trade and investment have grown remarkably since 1995, with bilateral trade increasing 20-fold," Lee said, adding that mutual visits reached a record high last year.
Lee emphasized South Korea's role as a key partner for Laos while highlighting Laos' importance to Seoul's efforts for ASEAN and Mekong cooperation.
Lee also praised Laos' rich natural resources and called for cooperation in building a mineral supply chain, while pledging support for the country's development as a transport hub under Thongloun's leadership.
Sisoulith expressed hope for strengthened bilateral relations and requested South Korea's continued support for Laos' development.
Following the summit, the two sides signed multiple memorandums of understanding (MOUs) on combating transnational crimes including online scams and phishing schemes, as well as labor-related agreements for foreign workers here.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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