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View all search resultsASEAN and South Korean leaders concluded their two-day summit on Tuesday, agreeing not only to step up economic and sociocultural cooperation but also to support denuclearization and permanent peace in the contentious Korean Peninsula.
South Korea and ASEAN have maintained partnership for the past 30 years. To date, the bilateral trading volume has grown by nearly 20 times from US$8.2 billion to $159.1 billion as of 2018. The number of people traveling to South Korea from ASEAN and vice versa has risen by more than 100-fold from 100,000 to about 11 million.
The ASEAN region is prone to disasters and experiences large-scale disasters every four to five years. Thus, robust disaster management has become a pressing area and is being actively discussed among all ASEAN member states. ASEAN’s endeavors and plans to build a resilient region are reflected in the legally binding ASEAN Agreement on Disaster Management and Emergency Response.
ASEAN is the world’s youngest and most dynamic economic community. To transform its infinite potential into sustainable prosperity, it is crucial to increase connectivity in the region and cooperate in high-tech industries.
Korea’s New Southern Policy is indeed a future-oriented foreign policy based on empirical observation of ASEAN-Korea relations over the past three decades. Thirty years ago when the world was on the verge of a new international order at the end of the Cold War, ASEAN and Korea tied the knot as sectoral dialogue partners. In 1989, bilateral trade volume was a mere $8.2 billion. Since then, however, this figure has increased exponentially.
As ASEAN and South Korea celebrate 30 years of ties, the partners are upbeat about an upcoming summit between the two “inseparable friends” that aims to unlock future cooperation, Seoul’s ambassador to the region has said.
The 40-day countdown for the ASEAN-Korea Commemorative Summit has kicked off with emphasis on the three Ps – People, Prosperity and Peace – coined by South Korean President Moon Jae-in. However, there is no definitive answer as to whether North Korean Leader Kim Jong-un will attend.
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