Singapore, South Korea to work towards upgrading free trade agreement

Singapore, South Korea to work towards upgrading free trade agreement


COOPERATION ACROSS VARIOUS AREAS

Both countries concluded MOUs across areas such as artificial intelligence (AI), civilian nuclear energy and intellectual property.

An MOU on cooperation in AI and enabling digital technologies for public safety was signed between Singapore’s Home Team Science and Technology Agency (HTX) and South Korea’s National IT Industry Promotion Agency (NIPA).

Signed by HTX chief executive Chan Tsan and NIPA president Park Yun Kyu, it provides a practical framework for the two agencies to collaborate and promote the responsible development and use of AI and other emerging technologies for public safety.

The MOU would see both sides leverage programmes to enhance international collaboration in public safety innovation, and support each other in growing the innovation ecosystem and explore dual-use technologies with promising startups and industry partners, said HTX.

It will also let both agencies exchange knowledge, expertise or innovation through workshops, technical seminars and other activities such as conferences, events and festivals, said the agency.

The Energy Market Authority of Singapore (EMA) and Korea Hydro and Nuclear Power Co Ltd (KHNP) also concluded an MOU on civil nuclear energy capability building in small modular reactors.

It is the first MOU on civil nuclear energy cooperation between a Korean nuclear power company and a Singapore government agency, said the EMA.



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