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South Korea announced the signing of memoranda of understanding with Egypt in the fields of shipbuilding, clean energy, infrastructure, and information technology, with the aim of strengthening economic, trade, and investment cooperation between the two countries. This announcement coincided with Egyptian President Abdel Fattah El-Sisi's visit to South Korea, during which negotiations are expected to begin to establish a comprehensive economic partnership agreement. The move is part of an effort to elevate the bilateral relationship to the level of a strategic partnership, opening prospects for expanded cooperation in economic, technological, and energy sectors.
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