Seoul, March 24: South Korean President Lee Jae-myung and New Zealand Prime Minister Christopher Luxon held discussions regarding the escalating tensions in the Middle East.
According to a report by Yonhap News Agency, the leaders addressed the impacts of the U.S.-Israel-Iran conflict on the global economy and energy supply. They shared policy measures implemented in their respective countries to maintain living standards.
During the talks, President Lee mentioned that South Korea has introduced a temporary fuel price cap system to alleviate the burden of fuel costs and is considering a ban on the export of naphtha.
Lee emphasized the importance of maintaining close coordination between South Korea and New Zealand, stating that cooperation among like-minded nations is crucial for restoring regional peace and stabilizing the global economy.
Prime Minister Luxon noted that New Zealand has prioritized ensuring security in the Strait of Hormuz and stabilizing energy supply. He also appreciated the signing of a joint statement by both countries, calling for an end to efforts that disrupt commercial traffic in the strait. Luxon expressed hope for continued close coordination on related issues.
According to New Zealand’s Ministry of Foreign Affairs and Trade, the bilateral relationship between New Zealand and South Korea is founded on strong political, economic, and security ties that date back to the Korean War. Diplomatic relations were established in 1962, with permanent embassies opened in Seoul and Wellington in 1971.
In recent years, the relationship has deepened through cooperation in various fields, including economy and trade, defense, people-to-people connections, film, culture, tourism, education, science and technology, and Antarctic affairs.
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