The transcript is out from Albanese’s press conference in South Korea:

Last night, we had a terrific informal dinner hosted by the President of Korea with the President of the United States, President Trump, as the special guest. But it was an opportunity, for around about two hours, to have a discussion with four of the Five Eyes countries, with the United States, Australia, Canada and New Zealand, in addition to our neighbours here in Asia in Korea, Thailand, Singapore and Vietnam. It was an opportunity to once again have a discussion with President Trump about the successful meeting that we had just a week ago to reinforce the support for AUKUS, the support for our defence and security relationship, but also our support for the critical minerals and rare earths arrangements that have been put in place. And to strengthen the economic relationship that we have with not just with the United States, but with our region here as well. It was a real opportunity to develop relationships further with leaders from those seven other countries and a really positive initiative from the President of Korea, who I will have a bilateral meeting with later today.

In addition to that, today I’ll visit POSCO. POSCO is Australia’s biggest commercial partner. Just last year, this mind boggling figure, $18.2 billion of Australian exports from one company, POSCO, right here in Korea. I visited POSCO’s operations in Australia that by and large are around the regions in Western Australia, in Townsville, in Victoria. These are an important commercial relationship that we have and I’ll be meeting with the CEO and the Chairman today at their major facilities, watching the import of Australian value. And what that is, that represents Australian jobs and Australian economic activity. That’s my focus of international engagement. We live in a globalised world. These relationships are important for our economy and for jobs. They of course are also important for our security and for peace in the region as well.

Today, there will be an important meeting, as we speak, will commence soon, if it hasn’t already, between President Trump and President Xi. We welcome the meeting of the world’s two largest and most powerful countries and economies. We are optimistic about a positive outcome. I’ve had the opportunity now to have a discussion with President Trump as well as with Premier Li of China in just the last few days, and it has been an opportunity for me to engage with them. These are important relationships for Australia.