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New Southern Policy

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History

ASEAN+3 Economic Leaders' Meeting

2018

  • 11.08

    The First Plenary Session of the Presidential
    Committee on New Southern Policy

    - Reported key achievements by each departments

    - Confirmed core strategies of the New Southern Policy

  • 08.28

    Launch of the Presidential Committee on
    New Southern Policy

  • 07.06

    Establishment of the structure and management
    guidelines of the Presidential Committee on New
    Southern Policy

2017

  • 11.09

    President Moon Jae-in’s declaration of the
    New Southern Policy

    - Announced the ‘Korea-ASEAN Future
    Community Initiative’

  • 07.19

    Announcement of the 100 National Policy Agenda

    - Advancement of the New Southern Policy to form a ‘Northeast Asia Plus Community’

Press conference in the Philippines

Background

The vast blue ocean of a huge economy spread across the Southern region

  • Young and dynamic region with a fast growth rate
  • Spotlighted FDI region with a big consumer market
  • Continuously growing middle class population

India and ASEAN, A new Growth Engine of the World

  • Acceleration of economic integration such as AEC launch
  • Modi administration’s powerful lead of the economic growth