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South Korean President Lee Jae Myung met with Australian Prime Minister Anthony Albanese in New York on Tuesday, aiming to strengthen cooperation to ensure a stable energy supply for the region. The leaders held discussions on various topics, including bilateral ties, energy supply chains, defense industry cooperation, and the current international security situation.

They emphasized their shared reliance on each other for energy resources like liquefied natural gas and petroleum products to tackle the energy crisis caused by the Middle East conflict.

Albanese praised South Korea as a reliable partner in critical minerals and clean energy, highlighting the potential for further cooperation between the two nations, particularly by leveraging South Korea's manufacturing prowess and Australia's abundant resources. In return, Lee encouraged Albanese to explore additional cooperation opportunities.

Both leaders pledged to collaborate across multiple sectors, emphasizing the importance of close communication, including a potential visit from Lee to Australia in the first half of the following year.

During the meeting, Lee acknowledged the significance of South Korea's bilateral cooperation, which had helped stabilize the country's energy market despite disruptions in the Middle East. The South Korean president expressed gratitude to Albanese for the assistance provided and pledged further cooperation to address the country's challenges.

Albanese underscored the friendly relationship between South Korea and Australia, both of which prioritize multilateralism, security, and economic collaboration, especially in the energy supply domain. This marked Lee's third bilateral summit with Albanese since his presidency began in June of last year.