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New Southern Policy

City Government > Key City Projects > ASEAN-ROK Commemorative Summit > New Southern Policy

New Southern Policy

The Three Ps of New Southern Policy

People / Peace / Prosperity

  • Promoting the level of cooperation with ASEAN nations to four neighboring nations, such as US, China, Japan and Russia → Seeking market diversification, expansion of economic opportunities.

    ASEAN: WORLD’S 7TH LARGEST ECONOMY -> EXPECTED TO
                GROW INTO NO. 4 RANKED ECONOMY BY 2030, TRADE -> TECHNOLOGY·CULTURE·PEOPLE-TO-PEOPLE EXCHANGES

  • Strengthening inter-Korean Relations and Bringing Peace to the Korean Peninsula based on enhanced exchanges with ASEAN nations.