Shortcut to Body Shortcut to main menu

Business Hub of Northeast Asia

  • Home
  • Why KOREA
  • Business Hub of Northeast Asia

Center of East Asia, Logistics Hub Korea

Korea possesses optimal logistics infrastructure connecting it with major countries and cities around the world. Located between China and Japan, it is the center of aviation and maritime logistics connecting the Asia-Pacific region as well as Eurasia and the Americas. Furthermore, it has the potential to establish a land-based route penetrating the Eurasian continent.
Please refer to the information below Please refer to the information below
World’s First 5-Star Airport (2022) (ACI Level 5, receiving the highest accreditation)
  • Incheon International Airport
    • International Cargo Transportation (2022) 2nd
    • Total cargo Transportation (2022) 6th
  • Busan port
    • Transshipment rate (2022) 2nd
    • Cargo volume (2022) 7th
Large view of images
※ Incheon International Airport - [Source : Airports Council International (ACI) (2022)]
※ Busan Port - [Source : Busan Port Authority (2022)]

Korea, a Gateway to Entering the Markets of Asia and the World

Korea has signed 21 free trade agreements (FTAs), covering 59 countries (as of February 2023) including major economies like the EU, the US, and China, while continuing to pursue FTAs with emerging countries. With its geographical advantage, Korea is a gateway to the global markets that links most of the largest economies.
all over the world GDP 77% - EU 1,084, India 205, Turkey 65, China 2,434, Singapore 193, Australia 284, ASEAN 1,512, Vietnam 691, Indonesia 164, New Zealand 27, Canada 112, the United States 1,351, Colombia 19, Peru 31, Chile 52 all over the world GDP 77% - EU 1,084, India 205, Turkey 65, China 2,434, Singapore 193, Australia 284, ASEAN 1,512, Vietnam 691, Indonesia 164, New Zealand 27, Canada 112, the United States 1,351, Colombia 19, Peru 31, Chile 52 Large view of images
※ Source: www.fta.go.kr (July 2022)
Korea’s FTA Network
Korea's FTA Network : Status, Country
Status Country
In Effect (21 FTAs) Chile, Singapore, EFTA1), ASEAN2), India, EU3), the U.S., Türkiye, Australia, Canada, China, New Zealand, Vietnam, Columbia, 5 countries in Central America4), UK, RECP5), Israel, Cambodia, Indonesia
Signed Philippines
Under Negotiation Korea-China-Japan, MERCOSUR6), Russia, Malaysia, Ecuador, Uzbekistan, Korea-ASEAN FTA expansion , Korea-India CEPA upgrading, Korea-Chile FTA upgrading, Korea-China FTA under follow-up negotiation on service & investment, Korea-Central America FTA under accession negotiation with Guatemala , GCC7)
Resumed/ On the Agenda/ Under Review Mexico, PA8), UK
1) EFTA (European Free Trade Association) (4 countries) : Switzerland, Norway, Iceland, Liechtenstein 2)ASEAN (10 countries) : Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Vietnam and Thailand 3) EU (27 countries) : Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden 4) the Central America (5 countries) : Panama, Costa Rica, Honduras, El Salvador, Nicaragua 5) RCEP(Regional Comprehensive Economic Partnership) (14 countries except ROK) : Korea, 10 ASEAN member states, China, Japan, Australia, New Zealand 6) MERCOSUR(the Southern Common Market) (4 countries) : Argentina, Brazil, Paraguay and Uruguay7) GCC (Gulf Cooperation Council) (6countries) : Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman. 8) PA(Pacific Alliance) (4 countries) : Chile, Colombia, Mexico and Peru.
* Source: www.fta.go.kr (as of Feb. 2023)