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ASEAN Connectivity Forum to encourage active participation of the Korean companies in ASEAN infrastructure/smart city development

PRESS RELEASE
No.PR/19-21Date2019.07.04 (Thu)
ContactContents Inquiries: Kim Su-jung, Senior Officer, TIU (+82-2-2287-1192, sjkim@aseankorea.org)
Press Inquiries: Yoo In-sun, Senior Officer, IDU (+82-2-2287-1149, isy@aseankorea.org)
ASEAN-Korea Centre is an International Organization mandated to promote economic and socio-cultural cooperation between ASEAN Member States and Korea.


ASEAN Connectivity Forum to encourage active participation of the Korean companies in ASEAN infrastructure/smart city development

- ASEAN Ministers and high-level officials from infrastructure and smart city-related department to attend and boost the ASEAN-Korea cooperation in this field -


Seoul, Korea - The ASEAN-Korea Centre (Secretary General Lee Hyuk) will organize the 7th ASEAN Connectivity Forum on 9-10 July at Intercontinental Seoul COEX, Korea. Many high-level officials, including the Chair of ASEAN Connectivity Coordinating Committee, Ministers from Brunei Darussalam and Lao PDR, and major enterprises from 10 ASEAN countries will be attending the Forum with a view to strengthening ASEAN-Korea partnership in infrastructure and smart city development.


During the keynote session, Minister of Development of Brunei, Minister of Public Works and Transport of Lao PDR and Deputy Chief Executive of Singapore Land Transport Authority will share their respective infrastructure and transport development plans and encourage participation of Korean companies in the projects. Executives of private enterprises such as CFO of the San Miguel Holdings Corporation and CEO of the Meralco Powergen Corporation of the Philippines are expected to take opportunity of the one-on-one business meetings to present infrastructure projects and explore possible areas of cooperation with Korean privates. Other ASEAN member states such as Malaysia, Myanmar, and Viet Nam will also share development plans and key projects on transport, energy, and smart cities, and discuss ways to promote participation of the Korean companies.


Following the launch of the ASEAN Economic Community in 2015, ASEAN adopted the Master Plan on ASEAN Connectivity 2025 (MPAC 2025) after reviewing existing connectivity projects and making updates to reflect some of the emerging trends. According to the MPAC 2025, a total of USD 3.3 trillion will be required for infrastructure development in ASEAN until 2030. In this regard, ASEAN unveiled a list of 19 Initial Pipeline projects and 21 Potential Pipeline projects this June to address ASEAN’s needs on infrastructure and further implement the MPAC 2025. During the upcoming Forum, H.E. Phasporn Sangasubana, Chair of ASEAN Connectivity Coordinating Committee will share details of these projects and invite Korean companies to take part in various infrastructure/smart cities projects in ASEAN.


This year, H.E. Harry Harris, Ambassador of the United States to the ROK, will also attend the Forum. Through his keynote remarks, Ambassador Harris will discuss ways to strengthen cooperation between Korea and the US in the field of ASEAN smart cities development and explore potential partnerships among Korean and the US companies such as CISCO, Bloom Energy and 3M in this area.


Lee Hyuk, Secretary General of the ASEAN-Korea Centre, noted that “The Korean Government’s New Southern Policy and the upcoming ASEAN-ROK Commemorative Summit in November to celebrate the 30th anniversary of ASEAN-Korea dialogue relations have all created a favorable environment for the success of this year’s ASEAN Connectivity Forum. Indeed, expectations for stronger ASEAN-Korea partnerships have attracted many high-level participants and tangible projects to the Forum this year. I hope many Korean companies will take full advantage of the Forum and the business meetings to seek promising investment opportunities and new partnerships in the ASEAN infrastructure/smart cities market.”


Meanwhile, the 7th ASEAN Connectivity Forum is being co-organized with the Korea Chamber of Commerce and Industry (KCCI) and Construction Association of Korea (CAK) and supported by the US Embassy in Seoul, Ministry of Foreign Affairs of the ROK, Korea Trade-Investment Promotion Agency, and the ASEAN Secretariat.



[Attachments]

- Press Release file

- Program and list of participants of the 7th ASEAN Connectivity Forum

List