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.
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
※ Incheon International Airport - [Source : Airports Council International (ACI) (2022)]
※ Busan Port - [Source : Busan Port Authority (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.
※ Source: www.fta.go.kr (July 2022)
Korea’s FTA Network
| 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)
* Source: www.fta.go.kr (as of Feb. 2023)