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President Moon calls for more business cooperation with Singapore Updated: 2018-07-12 18:14:27 KST

In front of about 300 business leaders from both countries gathered at Singapore's Shangrila Hotel, the South Korean President first praised the city-state for successfully hosting the Pyongyang-Washington summit last month, calling it a great achievement by not only North Korea and the U.S., but for Singapore as well.

"I am deeply grateful to the government and people of Singapore for their active support for the complete denuclearization of the Korean Peninsula and for establishing lasting peace."
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President Moon also called for Singapore's active support for his "New Southern Policy," especially with Singapore chairing the 2018 ASEAN Summit.
It was November last year when the South Korean President first introduced his vision to (quote) "dramatically strengthen" Seoul's cooperation with ASEAN nations, by focusing on the three Ps - people-centered exchanges, mutual prosperity, and peace.
President Moon highlighted three ways to bring about future-oriented cooperation between the two coutries.
He first said Korea and Singapore will secure future growth engines together in response to the fourth industrial revolution, especially by promoting the active participation of small business and innovative startups in the process.

"If Singapore's innovation capabilities and capital strength are combined with Korea's world-class information and communication technologies, we can create a huge synergy effect."
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The President also emphasized that bilateral economic cooperation must work effectively to benefit the people of both countries, and that South Korea and Singapore must work together to prevent the spread of protectionism, noting that the foundation for the two countries' economic growth has been free trade and openness.

President Moon ended his speech with the expression, 'Majulah Singapura,' Malay for 'Onward Singapore.'
Even during the business forum, President Moon asked again for Singapore's continued support for establishing lasting peace on the Korean Peninsula
He stressed that if South Korea and Singapore go onward, or majulah, together, not just Korea but the entire ASEAN will enjoy peace and co-prosperity.
Hwang Hojun, Arirang News, Singapore.
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