Australian Prime Minister Scott Morrison and South Korean President Moon Jae-in on Monday signed the Low and Zero Emissions Technology Partnership, under which the two countries will work together on clean energy technology and critical minerals.
The deal was signed on day one of Moon's four-day visit to Australia marking the 60th anniversary of the nations establishing diplomatic relations in 1961.
Both governments will invest 50 million Australian dollars (35.8 million U.S. dollars) each in the partnership.
"We committed to working together over the next decade and beyond to develop and drive the uptake of low and zero-emission technologies," Morrison said in a statement.
Australia's Minister for Industry, Energy and Emissions Reduction Angus Taylor said the partnership would initially focus on clean hydrogen, carbon capture and storage (CCS) and low-emissions iron ore and steel production.
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