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Lee and Malaysia’s Anwar Forge Plan for Free Trade Pact in Inaugural Phone Talks

Their plan to conclude a free trade agreement by year-end underscores a push to deepen cooperation across key economic and strategic sectors.

President Lee Jae Myung speaks by phone with Malaysian Prime Minister Anwar Ibrahim on June 23, 2025, in this photo provided by the presidential office. (PHOTO NOT FOR SALE) (Yonhap)
This composite photo shows President Lee Jae Myung (L) and Malaysian Prime Minister Anwar Ibrahim, provided by Lee's office. (Yonhap)

Overview

  • South Korean President Lee Jae Myung and Malaysian Prime Minister Anwar Ibrahim held their first direct phone talks on June 23, marking their inaugural bilateral exchange since Lee’s June 4 inauguration.
  • The leaders agreed to expand cooperation in trade, investment, infrastructure, digital transformation, green growth and defense.
  • They pledged to work toward concluding a South Korea–Malaysia free trade agreement by the end of 2025 to strengthen economic ties.
  • The call coincides with the 65th anniversary of diplomatic relations between the two countries.
  • Both nations are set to host major meetings later this year, with South Korea hosting the APEC summit and Malaysia overseeing ASEAN meetings.