President Lee Jae Myung is scheduled to engage in high-level discussions with Singaporean Prime Minister Lawrence Wong. The agenda of the meeting is anticipated to include conversations on enhancing collaboration in the fields of artificial intelligence, nuclear energy, and various other sectors.
The upcoming meeting will represent the second summit between Lee and Wong within a span of four months.
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"The summit is expected to solidify existing bilateral cooperation in trade, investment and infrastructure and broaden collaboration in promising sectors such as AI and nuclear power," presidential spokesperson Kang Yu-jung said in a written briefing.
This follows their initial discussions that took place during Wong's trip to South Korea for the Asia-Pacific Economic Cooperation summit. It was at this summit that both countries decided to elevate their bilateral relations to the status of a strategic partnership.
It was stated by Kang that, in order to establish a foundation for collaboration, the two countries intend to execute five memorandums of understanding in various sectors such as artificial intelligence, small modular reactors, and digital science and technology.
After the discussions, Lee and Wong will collectively declare their intention to initiate negotiations aimed at enhancing the existing bilateral free trade agreement that became effective in 2006 and presently includes provisions for both goods and services.
Lee is also expected to have a separate discussion with Singaporean President Tharman Shanmugaratnam prior to the summit. He will also participate in an orchid naming ceremony, a distinctive diplomatic and cultural occasion where a new hybrid orchid is formally named in honor of esteemed guests.
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To enhance collaboration in Artificial Intelligence, Lee will participate in the AI Connect Summit, a bilateral conference that brings together entrepreneurs and industry leaders in the AI sector.
Artificial intelligence is a significant focal point for collaboration among the leading technology nations in Asia. South Korea excels in semiconductors, data center infrastructure, and the production of AI technologies.
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On the other hand, Singapore boasts advanced regulatory frameworks and governance mechanisms for AI, positioning itself as a central hub for AI data within the Southeast Asian region.