Speaker Woo Won-shik Singapore FTA Upgrade: Pushing for CPTPP and Green Energy Ties
South Korean Speaker Woo Won-shik met Singapore PM Lawrence Wong to discuss a major FTA upgrade, CPTPP membership support, and increased sovereign wealth investments.
Can a 20-year-old trade pact fuel the next green energy revolution? Woo Won-shik, Speaker of the South Korean National Assembly, met with Singaporean Prime Minister Lawrence Wong on January 19, 2026, to modernize bilateral economic ties and secure support for regional trade integration.
Woo Won-shik Singapore FTA Upgrade and Supply Chain Resilience
According to Yonhap News, the high-level meeting at the Istana focused on revising the existing Free Trade Agreement (FTA) to include modern provisions for supply chains and green energy. As the agreement marks its 20th anniversary this year, both leaders agreed that an update is essential to navigate the current fragmented global trade landscape.
Speaker Woo also formally requested Singapore's backing for Seoul's bid to join the CPTPP, a 12-member comprehensive trade bloc. Singapore, as a founding member, holds significant influence in the expansion of the partnership across the Indo-Pacific.
Sovereign Wealth and Future Tech Collaboration
The discussions extended into the financial sector. Woo highlighted South Korea's initiative to establish a new sovereign wealth fund and encouraged Singaporean funds to expand their investments in South Korean tech firms. Prime Minister Wong expressed appreciation for the bipartisan parliamentary support in fostering ties across defense, nuclear energy, and infrastructure.
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