The European Union is seeking security and defense industry partnerships with Japan and South Korea aimed at joint development of military equipment, the Nikkei reported on Sunday, citing a senior EU commission official.

These would mark the EU's first such security and defense-related collaboration with Asian nations, the Japanese business newspaper said in a report from Brussels that did not identify the official.

The bloc hopes to reach a ministerial-level agreement with Japan by year end, which could help the EU fund joint projects managed by Japanese and European companies, the Nikkei said.