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Singapore signs MOU with South Korea on cybersecurity cooperation

November 23, 2019 / Business Times

Singapore has signed a memorandum of understanding (MOU) with South Korea to enhance cooperation and information-sharing on cybersecurity, according to a statement from the city-state's government. The MOU was signed by David Koh, chief executive of the Cyber Security Agency of Singapore, and Kim Seok-hwan, president of the Korea Internet & Security Agency. The MOU was witnessed by Singapore Prime Minister Lee Hsien Loong and South Korean President Moon Jae-in. Singapore has signed similar agreements with New Zealand, Canada, India, Australia, France, the Netherlands, the UK and the United States. The city-state, a trade-reliant nation with a rapidly aging population, is trying to restructure its economy to make it a global centre of innovation. As a hyper-connected financial hub, it's also been a target for hackers.