6th Korea-ASEAN Forum December 2-3 2011, Singapore

The 6th Korea-ASEAN Forum brought together participants from the policy, business and academic communities of ASEAN countries and ROK. They discussed issues and cooperative mechanism between ASEAN and ROK. The key findings were: the utilization of ASEAN-Korea FTA is still very low due to some barriers and lack of information sharing; SMEs can improve business link and corridor between ASEAN and ROK, cultural understanding and educational exchanges between ASEAN and ROK needs to be emphasized; industrial relations between Korean companies and local people need to be strengthened; security cooperation particularly in maritime domain needs to be further emphasized; ROK should focus more on human resources development, information technology and SME development through its official development assistance (ODA); ASEAN and ROK need to find a common ground in balancing major power rivalries in the region.

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