THURSDAY, March 28, 2024
nationthailand

Thailand, South Korea sign six MOUs as Moon visits

Thailand, South Korea sign six MOUs as Moon visits

Prime Minister Prayut Cha-o-cha and South Korean President Moon Jae-in witnessed the signing of six memoranda of understanding (MOU) at Government House on Monday on the occasion of Moon’s official visit to Thailand.

The Cabinet and ambassadors of both countries, as well as executives of the private sector, attended the event.
Prayut, who is also the defence minister, and Moon held discussions before the signing.
The six MOUs are:
1. Cooperation in water resources administration, which will promote the sustainable development and management of water resources in Thailand and South Korea with a focus on equality and shared profits, as well as preparedness for climate change. This MOU was signed by Deputy Prime Minister Prawit Wongsuwan and South Korean Foreign Minister Kang Kyung-wha.
2. Cooperation in education, which will promote the study of the Korean language for Thai students at the primary and secondary levels. The agreement was inked by Education Minister Nataphol Teepsuwan and his South Korean counterpart Yoo Eun-hae.
3. Cooperation in classified military intelligence, which will promote the exchange of information between both countries and set the criteria for information and intelligence protection. The pact was signed by Foreign Minister Don Pramudwinai and his South Korean counterpart Kang Kyung-wha.
4. Agreement between Thailand’s Industry Ministry and South Korea’s Trade, Industry and Energy Ministry with an emphasis on Industry 4.0 cooperation, promotion of selected industries, industrial investment, manpower development and assisting SMEs to become more competitive. This MOU was signed by Industry Minister Suriya Juangroonruangkit and South Korean Trade Minister Yoo Myung-hee.
5. Extension of the rail-system cooperation between Thailand’s Transport Ministry and South Korea’s Land, Infrastructure and Transport Ministry, which was valid for two years. The agreement extends the validity of this MOU for another two years, and was signed by Transport Minister Saksayam Chidchob and South Korean Ambassador to Thailand ‎Lee Wook-heon.
6. Cooperation in smart city development between Thailand’s Digital Economy and Society Ministry and South Korea’s Land, Infrastructure and Transport Ministry, which will promote the exchange of policies, technology, information and human resources to develop smart cities in both countries. The MOU was signed by Digital Economy Minister Buddhipongse Punakanta and Ambassador ‎Lee.
Moon’s official visit kicks off a strategic partnership between Thailand and South Korea that will help strengthen their relationship and cooperation under bilateral, sub-regional and regional frameworks.

Both countries also agreed to set up a joint working panel between their boards of investment to promote South Korean investment in Thailand.

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