South Korea plans to begin importing crude oil from Argentina next year after a Korean company conducted a trial purchase of 880,000 barrels, the Blue House said following President Lee Jae Myung’s summit with Argentine President Javier Milei in Buenos Aires on Friday. National Security Adviser Wi Sung-lac said the two governments agreed to support stable shipments, although the volume expected in 2027 has yet to be decided.

The two countries also signed a memorandum of understanding on critical mineral cooperation, covering information sharing and possible joint projects in lithium exploration, mining and other stages of production. They finalized a