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Korea-ASEAN CEO Summit Brings Significant Business Results
Korea-ASEAN Cooperation
Korea-ASEAN CEO Summit Brings Significant Business Results
  • By Cho Jin-young
  • December 12, 2014, 03:02
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President Park Geun-hye walks with Myanmar President Thein Sein (3rd from right), Thai Prime Minister Prayut Chan-o-cha (right), and Korea Chamber of Commerce and Industry Chairman Park Yong-man (4th from right) at Korea-ASEAN CEO Summit in Busan.
President Park Geun-hye walks with Myanmar President Thein Sein (3rd from right), Thai Prime Minister Prayut Chan-o-cha (right), and Korea Chamber of Commerce and Industry Chairman Park Yong-man (4th from right) at Korea-ASEAN CEO Summit in Busan.

 

Korea and ASEAN entrepreneurs visiting Busan City for the Korea-ASEAN CEO Summit signed a number of contracts for closer cooperation and exchange between the two regions.

On Dec. 11, a total of 323 companies attended the Korea-ASEAN Business Plaza hosted by the Korea Trade-Investment Promotion Agency (KOTRA).

“The participants signed seven MOUs and contracts worth US$160 million combined,” the agency explained.

At the meeting, KOTRA president Oh Young-ho stressed that better utilization of the ASEAN network is necessary with BRICs countries struggling these days. The volume of the trade between Korea and ASEAN nations reached US$135.34 billion at the end of last year. It was close to double that of 2007, when the Korea-ASEAN FTA took effect.