Korean Minister of Land to visit Vietnam, Singapore
Korean Minister of Land, Infrastructure and Transport Kim Hyun-mi will visit Vietnam and Singapore next week to support local companies' bids for infrastructure projects.
Hanoi (VNA) – Korean Ministerof Land, Infrastructure and Transport Kim Hyun-mi will visit Vietnam andSingapore next week to support local companies' bids for infrastructure projectsand expand economic ties with the Southeast Asian nations, according to the YonhapNews Agency.
During the four-day trip startingon March 5, Kim will meet senior officials and businesspeople in transport andconstruction industries.
In Vietnam, the minister isscheduled to sign a Memorandum of Understanding (MoU) to enhance cooperation inconstruction, urban development and transportation, and discuss ways to expandinfrastructure collaboration.
Later, she will head to Singaporeto seal another MoU on housing and city development, as well as smart cityprojects.
Korean investors show moreinterest in Southeast Asian countries as a way to diversify their exportmarkets in the face of growing protectionism from major trade partners,including the US and China.
According to the KoreaInternational Trade Association (KITA), the Republic of Korea’s exports toVietnam have been growing in leaps and bounds, with the size of the tradesurplus for the Seoul side surpassing that with the US last year.-VNA
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Illustrative image (Source: VNA) 
