Singapore and South Korea Strengthen Ties with Tourism, Technology, and Investment Boost

  • South Korea extends K-ETA exemption for Singaporean travelers until 2025 to boost tourism.
  • In 2023, over 130,000 Singaporeans visited South Korea, while nearly 200,000 South Koreans visited Singapore.
  • South Korea focuses on Singapore’s energy transition technologies, including hydrogen energy for carbon neutrality by 2050.
  • MOUs enhance R&D in renewable energy and sustainable innovation.
  • Collaboration in AI, IoT, robotics, and next-gen vehicles to drive technological advancements.
  • Joint funds and startup initiatives support entrepreneurial growth.
  • Singapore’s investments in South Korea reached S$112.43 billion in 2023, strengthening economic ties.
  • Active Singaporean investments in South Korea’s life sciences and real estate sectors.
  • Joint ventures in semiconductor manufacturing and advanced vehicle technologies.