Why Korea and Vietnam Are Getting Closer Than Ever
This week, Lee Jae-myung , President of South Korea, visited Vietnam—an event that highlights just how strong the relationship between the two countries has become. But this isn’t just about diplomacy. Korea and Vietnam are now deeply connected through business, people, and culture. π A Fast-Growing Partnership South Korea and Vietnam established diplomatic relations in 1992. Since then, their relationship has grown rapidly. Today: Vietnam is one of Korea’s key trading partners Korea is one of the largest foreign investors in Vietnam People-to-people exchanges continue to rise every year This makes Vietnam one of the most important countries for Korea in Southeast Asia. π Korean Companies in Vietnam Korean companies play a major role in Vietnam’s economy. Some of the biggest names include: Samsung Electronics – operates large-scale manufacturing hubs LG Electronics – produces home appliances and components Lotte Group – active in retail and real estate ...