The ASEAN-Korea Centre (CAK) has signed a memorandum of understanding
(MoU) with the Busan Chamber of Commerce and Industry (BCCI) of the
Republic of Korea (RoK) to enhance economic cooperation between ASEAN
and the RoK and Busan city in particular.
MoU, CAK and BCCI will seek cooperative measures to expand trade ties,
promote investment and increase economic exchange between Busan and
ASEAN member countries, the ASEAN Secretariat said on May 24.
According to CAK General Secretary Chung Hae-Moon, ASEAN has become
the RoK’s second most important partner in trade, investment and
He said CAK will continue expanding
cooperation with other chambers of commerce and industry in RoK
localities, as well as regional economic organisations, to support SME.
Within the framework of the MoU, CAK and BCCI will
organise seminars on investment and exchange commercial delegations to
maximise business opportunities.
Established in 2009,
CAK has operated as an official channel for exchanges, cooperation and
information sharing between ASEAN member countries and the RoK.-VNA