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Minister Paik pushes for Korea-Singapore ties in industry, energy, and trade 2018-05-15

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    Minister of Trade, Industry and Energy Paik Ungyu (right) sought stronger Korea-Singapore ties in terms of industry, energy, and trade, and called for more joint action in those areas, during talks with Singaporean Minister for Trade and Industry Chan Chun Sing, in Singapore on May 15.

     

    During his two-day visit to Singapore, Minister Paik agreed with his Singaporean counterpart to work together in response to the Fourth Industrial Revolution. The two ministers discussed collaboration between the two nations on autonomous vehicles, while bolstering their energy ties, including technologies such as smart grids and liquefied natural gas. As for trade, they decided to make coordinated efforts to support a free and fair trade order.

     

    In addition, Minister Paik emphasized the rapid improvement of business environment in Korea and encouraged more investment from Singapore.