Seoul, New South Wales reaffirm 35-year ties to address urban challenges
Three decades into their relationship, Seoul and Australia’s New South Wales (NSW) are taking their 35-year partnership past traditional trade and transportation. Now, the two regions are uniting around tourism, business development and the distinctly modern urban challenge of social isolation. Seoul Mayor Oh Se-hoon met NSW Gov. Margaret Beazley at Seoul City Hall on Thursday to discuss…
Seoul and New South Wales (NSW) in Australia have strengthened their 35-year partnership to tackle modern urban issues. At a meeting between Seoul Mayor Oh Se-hoon and NSW Governor Margaret Beazley, both regions agreed to focus on areas like tourism, business development, and addressing social isolation. This renewed commitment builds upon their existing collaboration in sectors such as human exchanges, economic policy, and transportation.
In 2017, a significant agreement was reached, covering foreign investment and cooperation in emerging industries like fintech, biotech, and digital creative fields. Currently, around 100 South Korean companies have a presence in NSW, while approximately 30 Australian companies have established operations in Seoul. Recent business activity has been particularly strong in sectors such as finance, biotechnology, and technology.
Cooperation between the Seoul Metropolitan Government and Korean companies in NSW continues to expand.
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