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Relation s between Chile and Korea

Relation s between Chile and Korea. Yim Chang-soon Korean 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.

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Relation s between Chile and Korea

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  1. Relationsbetween Chile and Korea Yim Chang-soon Korean Ambassador to Chile May 27, 2010

  2. Opening of the good relations • Recognition of the Korean government by Chile on May 1949. • Establishment of diplomatic relations in June 1962.

  3. Three aspects of bilateral relation • Political and Diplomatic Relation • Commercial Relation • Cultural Relation

  4. Political Relation • Relations based on Shared Values • Democracy • Human Rights • Market-Oriented Economy • Social Protection

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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.

  10. 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 (Monument) • Exchange of Scholars/Professionals

  11. 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.

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