- Trade war dents European shares while M&A drives Sky, Randgold up
- Stock futures point lower as new US-China tariffs go into effect
- UK’s Raab says confident of clinching a Brexit deal
- French rescue ship nears yacht of Indian sailor stranded off Australia
- Apple reportedly spiked original TV shows because of violence, sex as it etches out content strategy
South Korea’s president has pledged to increase trade with Singapore as part of a strategy to raise its economic influence in the region.
Continue Reading Below
President Moon Jae-in says the two countries agreed to “invigorate mutual investment” by significantly increasing the trade volume, which is currently at $20 billion.
He says: “We will spare no effort to ensure that the companies of our two countries will be able to do joint projects and make joint inroads into third countries together.”
The push is in line with the country’s “New Southern Policy,” which aims to strengthen its relationships with the 10-member Association of Southeast Asian Nations.
Moon is on his first state visit to Singapore until Friday.