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…
Following three decades of collaboration, Seoul, South Korea and New South Wales (NSW) in Australia are expanding their 35-year partnership to tackle modern urban issues. At a recent meeting, Seoul Mayor Oh Se-hoon and NSW Governor Margaret Beazley discussed enhancing exchanges in tourism, business development, and addressing the issue of social isolation.
The two regions have a long-standing relationship, with Seoul and NSW formally establishing their partnership in November 1991. Since then, cooperation has expanded to include human exchanges, economic policy, and transportation. In 2017, the agreement was further strengthened to cover foreign investment and cooperation in startup sectors, including fintech, biotech, and digital creative industries.
Currently, approximately 100 Korean companies have operations in NSW, while around 30 NSW companies have established a presence in Seoul. Recent business activity in both regions has been particularly concentrated in finance, biotech, and technology sectors. The Seoul Metropolitan Government and Korean companies continue to work closely with their counterparts in NSW to foster mutual growth and address shared challenges.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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