"The president of South Korea pledged to accelerate Korea’s economic presence and to cooperate on development in Myanmar after meeting with the Myanmar State Counselor in Naypyitaw on Tuesday. The trip is a part of his “New Southern Policy” to deepen relations with Southeast Asian nations, including in the economic realm. Moon Jae-in arrived Myanmar’s capital of Naypyitaw on Tuesday morning after beginning a six-day tour of the region on Sunday to build closer ties with Southeast Asian countries ahead of a special meeting with ASEAN member states in November. In Naypyitaw, the Korean President met with his Myanmar counterpart U Win Myint and State Counselor Daw Aung San Suu Kyi. Five MOUs and one framework agreement, focused mostly on investment between two countries, were signed. As part of its flagship policy, Myanmar is one of Korea’s focus countries. Moon highlighted a Korea Myanmar industrial complex project and said the project is ‘a signature cooperation’ between the two countries that will accelerate Korean companies’ investment in Myanmar and significantly contribute to economic growth..."