Seoul, Nov. 25 -- The Korea SMEs and Startups Agency (KOSME) on November 25 announced that it has signed a Memorandum of Understanding (MoU) with Vietnam-Singapore Industrial Park (VSIP) to strengthen cooperation in supporting small- and medium-sized enterprises (SMEs).

VSIP, a joint venture between Vietnam and Singapore established in 1996, is currently the largest industrial park developer in Vietnam. Built on Singapore's advanced management model, VSIP now operates 20 industrial parks across the country, covering a total area of 120 square kilometres.

The newly signed MoU aims to assist the global expansion of Korean SMEs, which have been increasingly challenged by rising protectionism and tightening trade regulations. Its key object...