Martial Arts, 'Korea-Singapore Digital Strategy Forum' Held

Export Consultation Meeting Also Held Together

On the 3rd, Lee Gwan-seop, Vice Chairman of the Korea International Trade Association, is delivering a greeting at the 'Korea-Singapore Digital Business Strategy Forum' held at Trade Tower in Samseong-dong.

[Asia Economy Reporter Jin-ho Kim] The Korea International Trade Association (KITA) announced on the 4th that it held the 'Korea-Singapore Digital Business Strategy Forum and Online Export Consultation' at the Trade Tower in Samseong-dong, Seoul.

The event, held both online and offline the previous day, was organized to strengthen cooperation in the digital new industry sector in the private sector, following the conclusion of the Korea-Singapore Digital Partnership Agreement in December last year.

The forum was co-hosted by KITA, the Singapore Business Federation, and Enterprise Singapore.

At the event, KITA Vice Chairman Kwan-seop Lee stated, "Singapore, known as the center of Asia-Pacific trade and the Silicon Valley of ASEAN, is a global business hub where promising companies and startups worldwide compete to enter," adding, "We hope that digital goods trade will expand throughout the Asia-Pacific region, leveraging Korea's first digital trade agreement with another country."

The forum featured participants from companies such as Coupang, Naver Cloud, Lazada?often called the Amazon.com of Southeast Asia?and IoT company Viatic from Singapore, who shared insights on the future of the digital new industry sector, service industry innovation, and market entry strategies.

During the consulting session, Tan Wei Ye, head of Enterprise Singapore's Korea office, along with KITA customs officers and export specialists, provided consultations on requirements and procedures for entering the Singapore market and utilizing the Southeast Asia Free Trade Agreement (FTA).

Meanwhile, on the same day in the conference room, an online export consultation was held involving 25 buyers from 10 countries participating in the Regional Comprehensive Economic Partnership (RCEP), including Singapore, Japan, New Zealand, Australia, Vietnam, and Indonesia, and 65 domestic manufacturers in the consumer goods and information technology (IT) sectors.

A KITA official explained, "We plan to provide in-depth consulting to companies that consider exports through the consultation to help them apply for RCEP preferential tariffs."

This content was produced with the assistance of AI translation services.