UAE-South Korea trade reach US$23B

Trade volume between the UAE and South Korea reached US$23 billion in 2011, according to new figures released by Ideal Idea; creating a favourable backdrop to the inaugural 'Made in Korea' (MIK) exhibition, the first event of its kind in the MENA region to comprehensively showcase South Korean products, services and technologies.

"It is clear that bilateral relations between the UAE and South Korea are moving from strength to strength as both countries continue to explore new avenues to promote mutual growth and development. Trade volume between the two countries has reached US$23billion in 2011, establishing South Korea as one of the key trading partners of the UAE and opening more opportunities for socioeconomic cooperation. Made in Korea will create a dedicated networking platform to help further strengthen trade relations between the two countries, while offering a unique venue to enhance cultural understanding," said Faisal Al Raisi, Managing Partner at Ideal Idea Events, organisers of MIK 2012.

MIK is slated to run from May 21-23, 2012, at the Abu Dhabi National Exhibition Centre (ADNEC), gathering 300 high-profile Korean exhibitors from a wide range of industries including automotive, engineering, metal, hospitality, textile, electrical, chemicals, rubber and plastics, power, healthcare, ICT, media, construction, furniture, fashion, and sports.