Singapore Signs MOU With S. Korea on Cybersecurity Cooperation

(Bloomberg) -- Singapore has signed a memorandum of understanding with South Korea to enhance cooperation and information-sharing on cybersecurity, according to a statement from the city-state’s government.

The MOU was signed by David Koh, chief executive of the Cyber Security Agency of Singapore, and Kim Seok-hwan, president of the Korea Internet & Security Agency. The MOU was witnessed by Singapore Prime Minister Lee Hsien Loong and South Korean President Moon Jae-in.

Singapore has signed similar agreements with New Zealand, Canada, India, Australia, France, the Netherlands, the U.K. and the United States.

The city-state, a trade-reliant nation with a rapidly aging population, is trying to restructure its economy to make it a global center of innovation. As a hyper-connected financial hub, it’s also been a target for hackers.

To contact the reporter on this story: Lilian Karunungan in Singapore at lkarunungan@bloomberg.net

To contact the editors responsible for this story: Shamim Adam at sadam2@bloomberg.net, James Poole

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