Seoul and Singapore Deepen AI, Nuclear, Trade Ties
- tech360.tv
- 2 days ago
- 1 min read
South Korean President Lee Jae Myung met Singapore's Prime Minister Lawrence Wong on Monday for a summit during a state visit to the city-state. The leaders aimed to expand cooperation in fields including artificial intelligence and nuclear energy.
During a joint press conference, President Lee and Prime Minister Wong announced the start of negotiations to upgrade the countries' free trade agreement. This agreement initially took effect in 2006.
The countries also signed five memoranda of understanding for cooperation. These agreements cover areas such as small modular reactors for nuclear power generation, artificial intelligence, quantum science, and space satellites. South Korea's Blue House provided this information.
Further partnerships include investment cooperation between Singapore's sovereign wealth fund Temasek, its asset management unit Seviora Group, and the state-run Korea Development Bank. President Lee shared this at the press conference.
Lee noted Singapore's significance as the location for the "historic U.S.-North Korea summit" in 2018. He expressed trust that Singapore would "continue to play a constructive role for peace on the Korean Peninsula and in the region."
Wong and Lee also exchanged views on the Middle East situation's impact on global security, energy, and supply chains. Both leaders expressed hope for the restoration of stability and peace, Lee stated.
South Korean President Lee Jae Myung and Singapore's Prime Minister Lawrence Wong held a summit to expand cooperation.
Key areas for collaboration include artificial intelligence, nuclear energy, quantum science, and space satellites.
Negotiations began to upgrade the existing free trade agreement, which took effect in 2006.
Source: REUTERS
