The Republic of Korea with a 2022 Projected Real GDP growth of 3.3% in 2022, is the fourth economic giantof Asia(behind China, India and Japan, which are countries much bigger than Korea both in terms of population and landsize) and the world’s 10th economic power.
The Republic of Korea hosted the G20 Summit and G20 Business Summit in 2010.
The Korean Republic represents an excellent commercial partner for Italy.Korea is the first country in Asia for per capita imports from Italy.In the period January-September 2021, Korea was the 20th destination market for Italy's exports while Italy was the 15th supplier of South Korea.In the period Jan.-Sep. 2021 Italian exports to Korea reached a value of 3.849 million euros.Regarding the exports from Korea to Italy in 2021, Italy was Korea's 26th export market and Italy's 24th supplier.The total flow of goods imported into Italy from Korea reached the value of 3.073 million euros in the period Jan - Sep. 21.
Thanks to the Free Trade Agreement with the European Union, the Korean market is an optimal growth opportunity for Italian entrepreneurs and exporters.