TPO Secretary General Ambassador Woo Kyoung-ha and BFIC Secretary General Dr. Hwang Ki-sik signed a Memorandom of Understanding (MOU) on May 2, 2023. *BFIC Busan Foundation for International Cooperation

The collaborative partnership is launched to enhance global competitiveness and establish a paradiplomacy cooperation network. The Signing Ceremony was attended by staff members from both organizations.​