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ASEAN-Korea Centre Is an Inter-Governmental Organization

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ASEAN-Korea Centre Is an Inter-Governmental Organization ASEAN-Korea Centre is an inter-governmental organization dedicated to promoting cooperation in trade, investment, culture, and tourism between ASEAN (Association of Southeast Asian Nations) member states and the Republic of Korea. Since its establishment in March 2009, the Centre has been undertaking various trade and investment promotion activities to further strengthen trade and investment ties between ASEAN and Korea. The trade between ASEAN and Korea has expanded following the entry into force of ASEAN-Korea FTA on goods in June 2007. Total trade volume between ASEAN and Korea reached at US $ 90 billion in 2008 from US $ 38 billion in 2000, ranking ASEAN as the third largest trading partner for Korea, and Korea as the fifth largest partner for ASEAN. As part of its programs to further promote trade between ASEAN and Korea, the Centre published Survey on the Korean Market for ASEAN Exports . The Survey is organized into the following sections: (1) trade analysis between individual ASEAN countries and Korea; (2) case studies on selective items with their market conditions, import policies, procedures, customs duties and taxes; and (3) statistical analysis of ASEAN exports to global and Korean markets. I hope that this publication would serve as a useful guide for business and help to further enhance trade relations between ASEAN and Korea. February 2010 Young Jai CHO Secretary General ASEAN-Korea Centre Contents Section I. ASEAN-Korea trade analysis: status and trends ································ 1 01. Brunei Darussalam ··················································································································· 2 1. General status ·························································································································································· 2 2. Trade trends ····························································································································································· 2 3. Brunei-Korea trade ·················································································································································· 4 02. Cambodia ···································································································································· 7 1. General status ·························································································································································· 7 2. Trade trends ····························································································································································· 8 3. Cambodia-Korea trade ········································································································································· 10 03. Indonesia ··································································································································· 13 1. General status ························································································································································ 13 2. Trade trends ··························································································································································· 14 3. Indonesia-Korea trade ·········································································································································· 16 04. Lao PDR ··································································································································· 19 1. General status ······················································································································································ 19 2. Trade trends ··························································································································································· 19 3. Lao PDR-Korea trade ·········································································································································· 21 05. Malaysia ···································································································································· 24 1. General status ························································································································································ 24 2. Trade trends ··························································································································································· 25 3. Malaysia-Korea trade ············································································································································ 26 06. Myanmar ··································································································································· 31 1. General status ························································································································································ 31 2. Trade trends ··························································································································································· 32 3. Myanmar-Korea trade ··········································································································································· 34 07. Philippines ································································································································· 38 1. General status ························································································································································ 38 2. Trade trends ··························································································································································· 39 3. Philippines-Korea trade ········································································································································ 41 08. Singapore ·································································································································· 45 1. General status ························································································································································ 45 2. Trade trends ··························································································································································· 45 3. Singapore-Korea trade ········································································································································· 47 09. Thailand ····································································································································· 51 1. General status ························································································································································ 51 2. Trade trends ··························································································································································· 52 3. Thailand-Korea trade ············································································································································ 54 10. Vietnam ····································································································································· 57 1. General status ························································································································································ 57 2. Trade trends ··························································································································································· 57 3. Vietnam-Korea trade ············································································································································· 59 Section II. Case Studies ····························································································· 63 01. Confectionery ··························································································································· 65 1. Market conditions in Korea ································································································································· 65 2. Trade trends ··························································································································································· 71 3. Key considerations related to exporting to Korea ························································································ 81 4. Customs duties and taxes ·································································································································· 88 5. Related organizations ··········································································································································· 90 6. Major Korean exhibitions and importers ·········································································································· 90 02. Fishery Products: Shrimps and Crabs ·············································································· 92 1. Market conditions in Korea ·································································································································
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