bilateral

free trade agreement finalized late last year. During their second summit since last October,

President Park Geun-hye and visiting Australian

Prime Minister Tony Abbott will also seek a stronger two-way cooperation from security,

the

economy, to culture. They will also discuss the security situation

surrounding North Korea and other regional and

global issues. Before coming to Seoul, Abbott was in Tokyo,

where he and his Japanese counterpart

announced they had agreed in principle on a bilateral economic partnership agreement,

a

scheme which ultimately aims for an FTA. Abbott is also scheduled to visit China later

this week for a summit with President Xi Jinping

and to attend the annual Boao Forum.