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Singapore's 51st National Day Marked in Seoul
"Lion City" Emerges As Global Financial Center
Singaporean Ambassador to Seoul Yip Wei Kiat (: 3rd from left) cuts the cake at the dinner reception he hosted in a Seoul hotel on the occasion of its 51st National Day.

Singaporean Ambassador to Seoul Yip Wei Kiat () hosted a reception at the Millennium Hilton on August 17, 2016 on the occasion of Singapore's 51st National Day.

The National Day of Singapore is celebrated on August 9 every year as its people commemorate the day it gained the independence from Malaysia in 1965.

A large number of high-profile guests including top foreign envoys and their spouses and many other local and other international guests attended the dinner reception held at 6:30 p.m. on the day.

Among the local participants were Minister Kang Ho-In of the Ministry of Land, Infrastructure and Transport, and former Prime Minister Han Duck-Soo, now chairman of Climate Change Center. Many other top politicians and former government dignitaries also took part in the reception.

Singaporean Ambassador to Seoul Yip Wei Kiat ()
Photo by Mr. Song Jin-Ho, director of The Seoul Times

Minister Kang delivered a congratulatory speech followed by the Singaporean envoy's welcoming address.

Mr. Yip was serving as director-general of Northeast Asia of Singapore's Ministry of Foreign Affairs' (MFA) before he was appointed as the ambassador to Seoul at the start of 2015.

Previously Mr. Yip served as consul-general in Shanghai from 2008 to 2012. He also worked as deputy chief of mission in Beijing from 2005 to 2007.

Presently South Korea has huge influence on the people in Singapore: its pop culture, drama, and food is making a strong inroad in the everyday life of Singaporean peoples.

Both Singapore and South Korea have enjoyed excellent bilateral relations since the establishment of diplomatic ties in 1975.

Singapore has been one of the most important trading partners and a major investor to South Korea.

S. Korea's ex-Prime Minister Han Duck-Soo (tallest man) and other foreign ambassadrs attend Singapore's 51st National Day reception held at Millinniun Hilton Hotel in Seoul on August 17, 2016.
Photo by Mr. Song Jin-Ho, director of The Seoul Times

Since the free trade agreement (FTA) came into effect in 2006 the bilateral trade volume between Singapore and South Korea has increased several folds.

The bilateral trade volume grew from 12.7 billion US dollars in 2005 to 32.6 billion US dollars in 2013.

The bilateral trade cooperation is expected to grow even further driven by South Koreas expertise in plant construction, equipment and manufacturing and by Singapores excellence in financing and engineering.

Singapore has been said to be one of the Four Tigers of rising Asian states along with South Korea, Taiwan and Hong Kong. Both South Korea and Singapore have been exemplary for their highly developed and advanced economies in Asia.

Singaporean Ambassador to Seoul Yip Wei Kiat ((: center) poses with Madam Shim Jae-Sook of S. Korea's Labor Ministry at Singapore's 51st National Day reception held at Millinniun Hilton Hotel in Seoul on August 17, 2016. The above photo was taken by Mr. Song Jin-Ho, famous photo artist and director of The Seoul Times.

While Singapore emerges as one of the world-leading international financial centers, South Korea establishes itself as one of the world leaders in manufacturing information technology.

Bilateral cooperation between the two nations included trade and investment promotion, information and communications technology, maritime transport and science and technology.

Currently over 1,000 Korean companies are operating in Singapore. They include CJ Group, Samsung Electronics, LG Electronics, SK Group, Daewoo International, Hanjin Shipping, Sunwoo Entertainment, and the Ssangyong Engineering Construction.

Singaporean Ambassador to Seoul Yip Wei Kiat (: center) poses with ex-Prime Minister Han Duck-Soo. At right is Mr. Joseph Joh, publisher of The Seoul Times.

More than 23,000 Koreans are presently residing in Singapore and the figure is on the steady rise in recent years.

Singapore is a South East Asian city-state off the southern tip of the Malay Peninsula. It has the third highest per capita income in the world and has a population of slightly over 5 million people.

Renowned worldwide for its cleanliness, Singapore is better known as the green city to many. A multi-cultural and multi-racial country, it has a diverse population consisting of the Chinese, Malays, Indians, and Europeans.

The Lion City is highly urbanized and has established itself as the worlds fourth leading financial center and its port one of the five busiest ports in the world.

For details or inquiries contact the Embassy of Singapore in Seoul at 774-2464~7.






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