President Moon Jae-in held a summit with Egyptian President Abdel Fattah el-Sisi on Thursday for talks on cooperation between the two nations in defense and transportation.
Moon's trip marks the second visit to the African country by a South Korean president and the first since 2006.
In the summit, the two leaders discussed negotiations for South Korea's export of K-9 self-propelled howitzers to Egypt.
In a joint statement following the summit, President Moon said that the two leaders agreed that the ongoing negotiations for the K-9 deal will contribute greatly to strengthening the Egyptian military’s capabilities. Additionally, the technology cooperation and local production of the howitzer will be a model case of mutual cooperation.
Moon added that the two leaders agreed to jointly work to complete the deal.
The two sides also signed a memorandum of understanding to conduct joint research into the feasibility of a potential bilateral free trade agreement.