ASEAN

ASEAN, South Korea should strengthen cooperation in digital transformation, says PM Ismail Sabri (The Edge Markets)

The Association of Southeast Asian Nations (ASEAN) and South Korea should look at strengthening cooperation in digital transformation that would help boost ASEAN economy, said Prime Minister Datuk Seri Ismail Sabri Yaakob.

In his intervention during the 22nd ASEAN — Republic of Korea (ROK) Summit held via videoconference on Tuesday, he said South Korea is highly regarded as a world-leader in digital technologies and its application to drive productivity.

The event was held in conjunction with the 38th and 39th ASEAN Summit and Related Summits chaired by Brunei with the theme “We Care, We Prepare, We Prosper”.

“The region’s digital economy is forecast to reach US$300 billion by 2025 as millions of people take up online shopping, embrace ride-share food delivery and other online services,” he said.

Correspondingly, Ismail Sabri said there is a need to address the threat of cyber-crimes which increases in tandem with digitalisation.

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The Edge Markets

26 October 2021