S. Korea, ASEAN grow as strategic partners for economic, cultural exchanges

S. Korea, ASEAN grow as strategic partners for economic, cultural exchanges


now we’re only six days away from the
ASEAN ROK commemorative summit in Busan ASEAN is already an important partner
for South Korea in many sectors including economy and culture we now
turn to part 2 of our five-part special series on the upcoming ASEAN summit in
Busan by taking a closer look at the synergy between South Korea and the
ASEAN our yoon jung min reports Southeast Asia is one of South Korea’s
closest neighbors geographically economically and socially the two first
established a partial partnership in 1989 and upgraded it to a full Dial
partnership in 1991 and now ASEAN is South Korea’s second largest trading
partner and third largest investment market as of 2018 the trade volume
between South Korea and ASEAN reached over 159 billion US dollars exports from
Korea to ASEAN amounted to around 100 billion dollars while imports from ASEAN
to Korea were more than 15 nine billion dollars Seoul is bolstering its ties
with a broader regional bloc as well in early November South Korea ASEAN and
other key partners including China Japan and Australia reached an agreement in
Bangkok over the regional comprehensive economic partnership at a critical time
when protectionism is threatening the global economy we agreed on the
significance of the free open and a rule-based arsim more than at any other
time experts stress the importance of diversifying partners especially with
ASEAN amid growing global uncertainties under the US China intensified
competition and also we are facing the korea-japan
trade disputes under those circumstances we need two alternative production site
and production so we need as an as main partner for the two sides have been also
expanding cultural ties for more exchanges the ASEAN Korea Center was
established in Seoul in 2009 and the ASEAN culture
house opened in Busan in 2017 in 2018 nearly nine million South Koreans
visited ASEAN countries as Southeast Asia is a popular tourist destination
for Koreans going the other way more than 2 million people from ASEAN visited
Korea last year we are emphasizing the importance of people-to-people exchange
and heart-to-heart exchanges in that regard kpop and kdrama ke food and even
k-beauty are popular in ASEAN countries some experts also point out the
possibility of three-way cooperation by South Korea North Korea and ASEAN in the
future as Pyongyang has been also maintaining its partnership with ASEAN
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