Relations 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  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 5 th 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 (Monument)  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.