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기사입력 : 2024.10.21 09:15
On October 8, President Yoon Suk-yeol attended the Korea-Singapore Business Forum at a downtown hotel in Singapore, following his participation in a similar forum in the Philippines the previous day. The president's continued engagement with business leaders reflects his ongoing efforts to strengthen economic ties in the region.
During his keynote speech, President Yoon highlighted the close cooperation between Korea and Singapore over the past 50 years, noting that both countries have worked toward a free and open economy. This collaboration, he stated, has been a key factor in their shared economic growth. The president emphasized that, thanks to the challenges and successes of business leaders, trade between the two nations has increased 400-fold, while investments have grown by more than 4,000 times.
President Yoon also underscored the significance of the ‘MOU on High-tech Industry Technology Cooperation’ signed during the forum, emphasizing that the agreement would promote collaboration between businesses from both nations to drive technological innovation across various sectors.
He reaffirmed that Korea and Singapore would emerge not only as partners in innovation but also as key allies in economic security. Highlighting Singapore’s status as a global logistics hub connected to 600 ports in 120 countries, President Yoon suggested that sharing Korea’s supply chain data with Singapore’s logistical information would help ensure mutual prosperity. He announced that both nations had signed the’ Supply Chain Partnership Arrangement (SCPA),’ marking Korea’s first bilateral supply chain partnership arrangement.
Finally, President Yoon discussed Singapore’s significance as a global hub for LNG trading, with Korea being the world’s third-largest LNG importer. He noted that the two countries had signed an ‘LNG Cooperation MOU,’ which would promote joint efforts in LNG swaps and procurement to stabilize both the supply and price of natural gas. The president pledged ongoing support for businesses in both countries to efficiently expand their supply chains and focus on economic growth
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