SG, Korea ink partnership on digital trade

The agreement will deepen the countries’ cooperation in areas such as AI and e-payments.

Singapore and the Republic of Korea (ROK) have signed a partnership agreement to deepen their collaboration on digital trade.

Under the KoreaSingapore Digital Partnership Agreement (KSDPA), the two countries will establish forward-looking digital trade rules and norms to promote interoperability between digital systems.

The two counties will also cooperate on new emerging areas such as Personal Data Protection, E-payments, Artificial Intelligence and Source Code protection. 

As part of the bilateral efforts to develop cooperative projects to implement the KSDPA, Singapore and ROK also signed a Memorandum of Understanding (MOU) on Implementing the Korea-Singapore Digital Economy Dialogue which is

“The Dialogue is intended to be a platform to promote digital economy collaboration between industry players and academic experts in Singapore and ROK,” the Ministry of Trade and Industry (MTI) said.