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Korea-Czech Republic relations‚ marking 25th anniversary of diplomatic ties Updated: 2015-12-02 14:30:33 KST

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2015-12-02

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The Czech Republic is a landlocked Central European country‚… with some 10.6 million people. It's GDP per capita‚… reaches 180.8 billion U.S. dollars‚ according to the IMF‚… ranking it at 53rd in the world. It's also the Chair of the Visegrad Group‚ or the V4‚…an alliance of four Central European states‚… including Hungary‚ Poland and Slovakia‚.. all aiming to advance their military‚ economic and energy cooperation. The Czech Republic's relations with Korea ‚… have been strong‚… with the country becoming Korea's 20th strategic partner‚ earlier this year‚… a move that emphasizes the importance of their political and economic cooperation. Korean government data show‚… the trade volume between the two reached over 2.3 billion U.S. dollars as of last year‚ and Korea's exports to the Czech Republic was some 1.8 billion dollars. Korea is importing some 560 million dollars worth of products from the Czech Republic. Looking at some of Korea's leading export items‚… are the auto parts‚ display panels‚ and electronic devices like the PCs and mobile phones. From the Czech Republic‚… Korea is importing electron microscopes‚ and auto parts including motors. It's also the home-ground to the production base of Korean-brands like Hyundai Motors‚ Samsung and LG Electronics‚ oil refinery GS Caltex‚ and a trading firm Daewoo International. Marking the 25th anniversary of the diplomatic ties‚ the two countries also signed an MOU on cooperation in rail transportation‚ as well as in foreign affairs and national defense. Reporter : ashin@arirang.co.kr

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