Relations between Chile and Korea

Yim Chang-soonKorean Ambassador to Chile

May 27, 2010

Opening of the good relations

Recognition of the Korean government by Chile on May 1949.

Establishment of diplomatic relations in June 1962.

Three aspects of bilateral relation

Political and Diplomatic Relation

Commercial Relation

Cultural Relation

Political Relation

Relations based on Shared Values

Democracy Human Rights Market-Oriented Economy Social Protection

Diplomatic Relations (1)

Chile strongly supports Korea in its policy for Peace and Prosperity of the Korean Peninsula.

In the international arena such as the UN, Chile has supported South Korea against North Korea’s nuclear ambition.

Korea also has been very cooperative with Chile in many areas. Donation of 5 million USD for the victims of

the earthquake

Diplomatic Relations(2)

Exchange of presidential visits 1994 Eduardo Frei 1996 Kim Young Sam 2003 Ricardo Lagos 2004 Roh Moo Hyun 2005 Ricardo Lagos 2009 Michelle Bachelet

Commercial Relation (1)

FTA between Chile and Korea The trade volume increased 4 times during six

years; US$7,160 ML(’08) / US$5,330 ML(’09) Chile exports copper(66%), other mineral

products(10.5%), pork meat(4%), grape, wine - US$4,130 ML(’08) / US$3,100 ML(’09) Chile imports fuel(28%), automobiles(26%),

white goods, mobile telephones - US$3,030 ML(’08) / US$2,230 ML(’09) Korea is the 5th Trade partner of Chile

Commercial Relation (2)

Chilean goods’ share in the Korean market Second place in the Market of wines in

Korea after France (22.3%). First place in the market of pork meat in

Korea (29.4%) Korean goods’ share in the Chilean

market First place in the market of automobiles

(37%), white goods (60%), mobile phones (60%) in Chile.

Upgrade of FTA

Commercial Relation (3)

Legal Framework for Economy & Trade Trade Agreement, Skies Agreement, Double

Taxation Avoidance Convention, FTA, etc. Bilateral Investment

Korean investment to Chile US$126 ML (white goods, wood, etc).

Chilean investment to Korea US$8.6 ML.

Cultural Relations

Promotion of the image and perception Introduction of Culture Korean studies in Chile:

University of Chile Catholic University

Korea’s participation in Bicentennial To provide one copy of Korean cultural heritage (M

onument) Exchange of Scholars/Professionals

For the Future

FTA Upgrade Marketing of Chilean Private Sectors in Korea

Market Memorandum of Understanding between Korea

and Chile for scholarships and human capital development.

Introduction of Good system or experience of Korea to Chile Economic Development System of Education Development of Science & Technology

Relations between Chile and Korea will be further strengthened in various areas in the years to come.