South Koreas economy

11th largest economy by Gross Domestic Product (GDP)

and Purchasing Power Parity (PPP) in 2015
member country of the Organization for Economic Cooperation and Development (OECD)
5th largest exporter and 7th largest importer in the
world
participant in 15 Free Trade Agreements

ASEAN-Republic of Korea Free Trade

Agreement (AKFTA)
traders and exporters can enjoy preferential tariff
treatment
cutting tariff barriers among the Parties
expand inter-regional exports and enjoy economies of
scale
attracts more foreign direct investments
precipitate the common standards for production
technology, product regulations, distributions, and aftersales service