News

RoK, Singapore boost ties on smart city, arms development

2019-11-24 12:18:55
The Republic of Korea (RoK) and Singapore on November 23 reached an agreement to strengthen partnerships in various fields, including developing weapons and smart cities on the basis of the bilateral traditional cooperation.

Singaporean Prime Minister Lee Hsien Loong (R) shakes hands with
Korean President Moon Jae-in after a joint press conference in Singapore in 2018 (Source: https://en.yna.co.kr/)

Korean President Moon Jae-in welcomed Singaporean Prime Minister Lee Hsien Loong, who made his first official visit to the RoK in the last six years.

The two leaders had broad and in-depth discussions on ways for cooperation to promote co-prosperity and friendliness, and establish peace on the Korean Peninsula and in the region.

Moon asked Singapore to keep playing a constructive role in completing the denuclearization and promoting sustainable peace on the Korean Peninsula.

For his part, Lee told Moon that the two sides are “optimal" partners to lead the fourth industrial revolution era together.

They agreed that the two countries have great potential for cooperation in developing smart cities.

The two sides also agreed to make joint efforts to put an updated pact on avoiding double taxation into effect, and increase people-to-people exchange.

The leaders pledged to bolster cooperation to prepare for future defense demand, and expand bilateral partnerships on developing military technology.

On the occasion, the two sides signed a memorandum of understanding on cyber security./.


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