Financial Services Commission (FSC) Chairman Choi Jong-ku addresses the third annual ASEAN Ambassadors & Korean Bank CEOs dinner in Myeong-dong, Seoul, on Nov. 27. (Financial Services Commission)

Financial Services Commission (FSC) Chairman Choi Jong-ku addresses the third annual ASEAN Ambassadors & Korean Bank CEOs dinner in Myeong-dong, Seoul, on Nov. 27. (Financial Services Commission)

By Kim Eun-young and Yoon Sojung

Financial Services Commission (FSC) Chairman Choi Jong-ku emphasized the need to bolster cooperation with ASEAN member states on Nov. 27.

Chairman Choi was speaking at the third annual ASEAN Ambassadors & Korean Bank CEOs dinner being held at Bankers Club in the Myeong-dong neighborhood of Seoul.

Choi outlined the Korean government’s New Southern Policy and its vision of establishing a Korea-ASEAN joint community, which President Moon Jae-in unveiled at the ASEAN summit meeting earlier this month.

“This means that Korea and ASEAN should develop a true friendship, not just consider each other as business partners,” he said.

“The FSC will work hard to share its experiences and to develop joint projects with ASEAN member states.”

The participating ambassadors from ASEAN countries all said that cooperation between Korea and ASEAN would dramatically strengthen in the near future, that ASEAN would become a bridgehead for Korean enterprises’ overseas penetration, and that it would be the beneficiary of large-scale infrastructure projects. They also said that financial authorities on both sides could play a pivotal role in realizing this vision.

Marking its third year this year, the annual gathering was designed to boost financial cooperation between Korea and ASEAN member states.

The gathering was attended by the ambassadors from the 10 ASEAN member states, including Ambassador Raul S. Hernandez from the Philippines, Malaysian Ambassador Rohana Binti Ramli and Ambassador Umar Hadi from Indonesia.

eykim86@korea.kr