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RoK to seek closer ties with ASEAN
The Republic of Korea (RoK) will make efforts to expand economic exchanges and cooperation with Southeast Asian countries to address anticipated changes in the global trade environment after the new US administration signaled plans to implement protectionist measures, according to its Ministry of Trade, Industry and Energy.
The ministry unveiled the vision during its forum with trade experts, pointing out that nearly 4,000 Korean companies are currently operating in the 10 member countries of the Association of Southeast Asian Nations (ASEAN).
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Nearly 4,000 Korean companies are currently operating in the 10 member countries of the Association of Southeast Asian Nations (ASEAN). |
Korean Deputy Minister for Trade Park Jong-won said that it has become more important than ever to expand future-oriented economic cooperation with the ASEAN region, a key area of the Global South.
The industry ministry will proactively pursue intergovernmental coordination to ensure stable business operations for Korean businesses amid a fast-changing trade environment.
Shortly after taking office, US President Donald Trump signed a memorandum on America First trade policy, calling for a review of existing US trade agreements, which may potentially affect the RoK's exports to the US.
The Asia Tourism Development Institute (ATI) and the Korea Tourism Management Association organised a conference in Hanoi on November 30 to promote tourism, trade, and education cooperation between Vietnam and the Republic of Korea (RoK).
The Republic of Korea (RoK)’s Ministry of Trade, Industry, and Energy on November 25 organised a roundtable with Korean businesses operating in Vietnam to discuss strategies to respond to potential changes in US trade policies under the incoming administration of President-elected Donald Trump.
Deputy Prime Minister Nguyen Hoa Binh urged the Republic of Korea (RoK) to invest in high-quality workforce training, particularly in cutting-edge fields like semiconductors, AI, and digital transformation , while addressing a Vietnam-RoK investment cooperation forum at the National Innovation Centre (NIC) in Hanoi on November 21.
Vietnam and the Republic of Korea (RoK) looked into measures to reduce trade disputes, tackle emerging issues in this field, and step up cooperation in anti-dumping investigations, at a conference on November 6.
A business connection programme to foster cooperation between Vietnam and the Republic of Korea (RoK) in smart city development is underway in Ho Chi Minh City.
The Government of the Republic of Korea (RoK) has generously committed 1 million USD to the United Nations Development Programme (UNDP) to support recovery efforts under the “Inclusive Early Recovery and Reconstruction Programme After Typhoon Yagi”.
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