SEOUL: Singapore and South Korea on Sunday (Nov 2) elevated their relationship to a Strategic Partnership as they marked 50 years of diplomatic relations.
Cooperation between the two countries will be deepened and expanded in key areas and eight Memorandums of Understanding (MOUs) will be signed as part of the upgraded ties.
Singapore Prime Minister Lawrence Wong and South Korean President Lee Jae Myung announced the new high-level diplomatic relationship at a joint press conference during Mr Wong’s first official visit to the country’s capital as prime minister.
Speaking after an MOU ceremony at the Yongsan presidential office, Mr Wong said both sides have worked closely together while charting their own path and the partnership is stronger than ever.
Singapore and South Korea are among each other’s top 10 trading partners, while investment flows are growing substantially. More Singaporeans are visiting, studying and working in Korea, and vice versa.
