South Korean partnership with ASEAN members strengthened at 2019 ASEAN-ROK Commemorative Summit
The South Korean government hosted the 2019 Association of Southeast Asian Nations-Republic of Korea (ASEAN-ROK) Commemorative Summit and the First Mekong-ROK Summit in Busan from November 25- 27, 2019. Alongside, President Moon Jae-in held bilateral summits with the leaders of 10 ASEAN member states including Singapore, Brunei, and Malaysia. These events provided an opportunity to strengthen and solidify South Korea’s partnership with ASEAN member countries and India as part of the administration’s new southern policy.
The Ministry of Foreign Affairs hosted a 2019 International Development Cooperation Day which included individual meetings with the secretary-general of ASEAN and the foreign minister of Cambodia. As part of this, South Korea signed memorandums of understandings on implementing new southern ODA, one of the main pillars of the new southern policy, with Cambodia, Laos, Myanmar, the Philippines, and Vietnam. These agreements commit to cooperating across five flagship programs:
- 1) Digital partnership for inclusive development;
- 2) Higher education for a prosperous future;
- 3) Korea-Mekong future peace community;
- 4) Smart cities for the people and planet; and
- 5) Inclusive transportation for balanced growth.
The Ministry of Trade, Industry and Energy held the 2019 Multilateral Development Bank (MDB) Project Plaza and the 2019 ROK-ASEAN CEO Summit. This was an opportunity for MDBs including the World Bank, Asian Development Bank, International Development Bank, and Asian Infrastructure Investment Bank to discuss opportunities for the private sector to implement MDBs’ projects.