The Ministry of Trade, Industry and
Energy of the Republic of Korea has vowed to bolster the country's economic ties
with Southeast Asia through free trade agreements, according to Yonhap news
At a trade promotion meeting on March
21st, officials from the ministry exchanged ideas on speeding up efforts to
forge free trade deals with Southeast Asian countries, including Indonesia, the
Philippines and Malaysia, and seek to sign sideline deals to bolster economic
cooperation, including in the energy segment.
RoK's Trade Minister Yoo Myung-hee ( Source: Yonhap)
Participants discussed expanding
cooperation with Brunei and Cambodia as well, Yonhap news agency reported.
Moreover, the RoK and ASEAN can seek
new opportunities together in third countries.
Earlier this month, RoK President
Moon Jae-in paid a week-long trip to three Association of Southeast Asian
During his trip, President Moon had
meetings with Sultan of Brunei Hassanal Bolkiah, Malaysian Prime Minister
Mahathir Mohamad and Cambodian Prime Minister Hun Sen.
At their talks, the two sides pledged
to promote cooperation in various areas such as energy, infrastructure and
The RoK side expressed hope for
greater cooperation with ASEAN.
The RoK has been pushing its New
Southern Policy designed to cement largely relations with the 10-member
Association of Southeast Asian Nations (ASEAN). The grouping is among the RoK’s
important partners due to its growth potential, rich resources and growing
ASEAN groups Brunei, Cambodia,
Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and