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ASEAN

The Association of Southeast Asian Nations, or ASEAN, was established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) by the Founding Fathers of ASEAN, namely Indonesia, Malaysia, Philippines, Singapore and Thailand.

Brunei Darussalam then joined on 7 January 1984, Viet Nam on 28 July 1995, Lao PDR and Myanmar on 23 July 1997, and Cambodia on 30 April 1999, making up what is today the ten Member States of ASEAN. ASEAN’s activities are coordinated by the ASEAN Secretariat based in Jakarta.

The ‘ASEAN Community’ was launched on 31st of December 2015. The ASEAN Community is comprised of three pillars, namely the ASEAN Political-Security Community, ASEAN Economic Community and ASEAN Socio-Cultural Community. At the ASEAN Summit in November 2015, ASEAN adopted the Kuala Lumpur Declaration on ASEAN 2025: Forging Ahead Together with its new vision and blueprint for the ASEAN Community for the next 10 years.



Fact On ASEAN(2017)

  • POPULATION :

    647 million (3rd largest globally)

  • LAND AREA

    4.48 million ㎢

  • ECONOMY

    GDP 2.7615 trillion USD (3.45% of total world GDP)

  • TRADE

    2.5748 trillion USD (Export : 1.3223, Import : 1.2525)

  • MEMBER STATES

    Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam

  • SECRETARIAT

    Jakarta, Indonesia (Secretary General: Dato Lim Jock Hoi)

The official website : www.asean.org

2017

  • 50th Anniversary of ASEAN

2015

  • Establishment of the ASEAN Community

2014

  • Nay Pyi Taw Declaration on the ASEAN Community’s POST-2015 Vision

2011

  • ASEAN Concord III (Bali Concord III)

2010

  • ASEAN Connectivity Master Plan (MPAC)

2008

  • ASEAN Charter entry into force

2003

  • ASEAN Concord II (Bali Concord II)

1999

  • Cambodia joined ASEAN

1997

  • Lao PDR and Myanmar joined ASEAN

1995

  • Vietnam joined ASEAN

1993

  • ASEAN Free Trade Area (AFTA) entry into force

1984

  • Brunei Darussalam joined ASEAN

1967

  • Establishment of ASEAN
    Indonesia, Malaysia, Philippines, Singapore, Thailand founded ASEAN

ASEAN-Korea Relations

Political/Diplomatic Relations
  • Established diplomatic relations with all 10 ASEAN Member States
    ※ North Korea also established diplomatic relations with all 10 ASEAN Member States(simultaneously)
  • Actively held summit and ministerial conferences on the occasion of bilateral visits and multilateral meetings
    ※ In close discussion with major ASEAN countries like Indonesia as a major partner of MIKTA
Trade/People-to-People Exchanges (2017)
  • Trade: US$ 149.07 billion (Export US$ 95.25 billion, Import US$ 53.82 billion, Surplus US$ 41.43 billion) (The 2nd largest trading partner)
  • Investment: US$ 6.2 billion (The 3rd largest investment partner)
  • Construction: US$ 8.8 billion (The 2nd largest overseas construction market, 2016)
  • Visitors: About 9.78 million annually
    - Korea → ASEAN: About 7.64 million (The most popular travel destination)
    - ASEAN → Korea: About 2.14 million

※ Source: KTO, ASEAN, ASEAN-Korea Centre

Trade
  • The total trade volume between ASEAN and Korea grew steadily since the global financial crisis in 2009. It temporarily showed signs of stagnation in 2015-2016, but it changed back to recovery from 2017.

<ASEAN-Korea Trade Volume Status>

(Unit: US$ 100 million, %)

Category 2009 2010 2011 2012 2013 2014 2015 2016 2017
Total Trade Volume 750
(-16.8)
972
(29.7)
1,249
(28.4)
1,310
(4.96)
1,353
(3.28)
1,380
(2)
1,199
(-13.1)
1,188
(-0.8)
1,490.7
(25.4)
Export 409
(-16.8)
531
(29.8)
718
(35.0)
791
(10.1)
820
(3.67)
846
(3.17)
749
(-11.4)
745
(-0.4)
952.5
(27.8)
Import 340
(-16.8)
440
(29.5)
531
(20.5)
519
(-2.2)
533
(2.7)
534
(0.19)
450
(-15.7)
443
(-1.6)
538.2
(21.4)
Surplus 69 90 186 272 287 312 299 302 414.3

※ Source: KITACountry

(Unit: US$ 100 million, %)

Rank Country Trade Export Import
1 Vietnam 639.3 477.5 161.8
2 Singapore 205.6 116.5 89.1
3 Indonesia 179.7 84.0 95.7
4 Malaysia 167.7 80.5 87.2
5 Philippines 142.9 105.9 37.0
6 Thailand 126.8 74.7 52.1
7 Myanmar 10.3 5.7 4.6
8 Cambodia 8.6 6.0 2.6
9 Brunei 8.6 0.6 8.0
10 Lao PDR 1.2 0.9 0.3

Source: KITA

○ Vietnam ranked top among the ASEAN Member States by recording US$ 63.9 billion of trade volume, followed by Singapore, Indonesia, Malaysia, the Philippines, and Indonesia

Investment

○ Foreign direct investment (FDI) flow from Korea to ASEAN rose about 1.3 times from US$ 3.79 billion in 2008 to US$ 4.84 billion in 2017

<Trend of Foreign Direct Investment Flow from Korea to ASEAN (based on the invested amount)>

(Unit: US$ million, %)

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Total
(08-17)
ASEAN (A) 3,787 2,128 4,430 4,896 4,574 3,876 4,155 4,387 5,136 4,849 42,218
Total FDI (B) 24,206 20,823 24,812 29,276 28,961 30,626 28,158 30,866 35,250 43,696 296,674
A / B
(%)
15.6% 10.2% 17.7% 16.7% 15.8% 12.7% 14.8% 14.2% 14,6% 11.1% 14.2%

※ Source: Korea Eximbank

  • Importance of the ASEAN-Korea Relations
    ○ ASEAN and Korea first established sectoral dialogue relations in November 1989. Korea was accorded full Dialogue Partner status by ASEAN at the 24th ASEAN Ministerial Meeting in 1991 in Kuala Lumpur. The year 2004 marked the 15th anniversary of ASEAN-Republic of Korea (ROK) dialogue relations. To commemorate the event and to chart the future of relations in the 21st century, ASEAN and Korea concluded a Joint Declaration at the ASEAN-ROK Summit in 2004 in Vientiane. The Joint Declaration provided a blueprint to advance ASEAN-ROK relations in a more comprehensive and substantive manner.
    ○ In 2005, the Joint Declaration was followed by an agreement on an ASEAN-ROK Plan of Action to promote political security, economic, social, and cultural cooperation and to support ASEAN’s goal for a fully integrated ASEAN community by 2020 (including an ASEAN Economic Community by 2015) in Kuala Lumpur, Malaysia. The Plan of Action specifically aimed to implement the goals set out in the Joint Declaration.
    ○ In 2009, which marked the 20th anniversary of the Dialogue Partnership between ASEAN and Korea, the ASEAN-Korea Center was established. It was founded in accordance with the Memorandum of Understanding (MOU) signed by the 10 ASEAN Member States and Korea at the 11th ASEAN-ROK Summit in 2007.
    ○ During the 13th ASEAN-ROK Summit in 2010 in Ha Noi, the Leaders agreed to elevate ASEAN-ROK dialogue relations from comprehensive cooperation to a strategic partnership and adopted the Joint Declaration on ASEAN-ROK Strategic Partnership for Peace and Prosperity and its Action Plan, which covers the period of 2011-2015.
    ○ In 2017, ASEAN Culture House was established by the Ministry of Foreign Affairs of the Republic of Korea as a follow-up project to the 2014 ASEAN-ROK Commemorative Summit. It is currently operated by the Korea Foundation to promote the cultures and societies of ASEAN countries among Koreans.
  • ASEAN-ROK Cooperation Fund (AKCF)
    ○ Following the establishment of sectoral dialogue relations between ASEAN and Korea in 1989, the Korean government launched the ASEAN-ROK Special Cooperation Fund (SCF) in 1990 with an aim to enhance people-to-people exchanges. In 1996, the ASEAN-ROK Future-Oriented Cooperation Fund (FOCF) was further launched in order to implement cooperation projects outlined in the ASEAN-ROK Plan of Action. In 2015, SCF and FOCF were merged into AKCF with an annual contribution of US$ 7 million. The total scale of contribution was US$ 81 million by the end of 2016.
    ○The overall goal of the New Framework for the ASEAN-ROK Cooperation Fund (AKF) 2017-2020 is to contribute to the realization of the ASEAN Vision 2025 outlined in ASEAN’s Political-Security, Economic, and Socio-Cultural Community Blueprints, in accordance with the selected priorities laid out in the ASEAN-ROK Plan of Action (2016-2020).
    ○ The ASEAN-ROK Programme Management Team (AKPMT) was established in 2016 under the funding of AKCF. For efficient utilization of overall AKCF, the AKPMT works to ensure the transparent use of project fund under AKCF.
ASEAN-Korea Dialogue Mechanisms
  • ASEAN-ROK Summit
    ○ Since the ASEAN-ROK partnership was elevated to a summit level in 1997 in Kuala Lumpur, relations between ASEAN and Korea have broadened and deepened.
    ○ ASEAN-Korea, ASEAN-China, and ASEAN-Japan Summits took place on a regular basis in accordance with the regularization of the ASEAN+3 (China, Japan, Korea) Summit following the 2nd ASEAN+3 Summit in 1998.
  • ASEAN-ROK Ministerial Meeting
    ○ The ASEAN Post Ministerial Conference (PMC) with ASEAN’s 10 Dialogue Partners has become regularized.
    ○ The ASEAN-ROK Ministerial Meeting takes place on the sidelines of the ASEAN-related Ministerial Meeting which is hosted by the ASEAN Secretariat between July and August every year.
  • ASEAN Economic Ministers (AEM)-Korea Consultation
    ○ ASEAN and Korea agreed to use the Consultations for exploring new cooperation projects and coordinating the on-going cooperative activities at the first ASEAN Economic Ministers (AEM)-Korea Consultation in 2004.
    ○ Major topics of discussion include regional, international, and economic issues regarding the free trade agreement (FTA) between ASEAN and Korea, RCEP, as well as the ASEAN-ROK summit.
  • ASEAN-ROK Dialogue
    ○ The ASEAN-ROK Dialogue is a vice-ministerial consultative group that analyzes and discusses ways to develop the ASEAN-ROK cooperation in all areas including politics, security, economy, society, and culture.
    ○ Major topics of discussion include the latest developments in ASEAN and Korea and the Korean Peninsula, the ASEAN-Korea relations, as well as its future direction.
  • ASEAN-ROK Joint Cooperation Committee
    ○ The ASEAN-ROK Joint Cooperation Committee (JCC) takes place at the ASEAN Secretariat in Jakarta, Indonesia on a yearly basis to discuss comprehensive cooperative methods in the fields of politics, economy, culture, environment, and education
  • Mekong-ROK Foreign Ministers’ Meeting
    ○ Founded in 2010, the Mekong-ROK Foreign Ministers’ Meeting aims to develop cooperation in six areas, namely infrastructure, information and communications technology (ICT), green growth, water resource development, agriculture and rural development and human resource development, by strengthening practical cooperation with the Mekong River countries. The Member States include Cambodia, Lao PDR, Myanmar, Korea, and Thailand.
    ○ The Mekong-ROK Action Plan (2017-2020) was adopted at the 7th Mekong-ROK Foreign Ministers’ Meeting in 2017 in Busan. It laid out a three-point partnership visions, namely, ASEAN connectivity, sustainable development, and human-centered development.

※ Sources: ASEAN Outlook by the Ministry of Foreign Affairs (MOFA) of the Republic of Korea (October 2017), ASEAN Secretariat

2017

  • ASEAN-ROK Cultural Exchange Year

    International Conference on ASEAN-Korea Partnership

    The 7th Mekong-Republic of Korea Foreign Ministers’ Meeting

    Inauguration of the ASEAN Culture House in Busan

2015

  • ASEAN-Korea Plan of Action to Implement the Joint Declaration on Strategic Partnership for Peace and Prosperity (2016-2020)

2014

  • 25th anniversary of the ASEAN-ROK Dialogue Relations

    ASEAN-ROK Commemorative Summit (Busan, Korea)

2012

  • Establishment of the Mission of the Republic of Korea to ASEAN

2010

  • Joint Declaration and its Action Plan on the ASEAN-ROK Strategic Partnership for Peace and Prosperity

2009

  • The 20th Anniversary of the ASEAN-ROK Dialogue Relations

    ASEAN-ROK Commemorative Summit (Jeju, Korea)

    Inauguration of the ASEAN-Korea Centre

    Entry into force of the ASEAN-Korea FTAs on Service and Investment

2007

  • Entry into force of the ASEAN-Korea FTA on Trade in Goods

2004

  • Joint Declaration on Comprehensive Cooperation Partnership between ASEAN and the ROK

1997

  • First ASEAN-ROK Summit

    First ASEAN+3 Summit

    ASEAN Vision 2020

1991

  • ASEAN-ROK Full Dialogue Partnership

1989

  • ASEAN-ROK Sectoral Dialogue Partner