Cultural tips for doing business in South Korea

Known for its high tech and innovation, vibrant culture, thriving entertainment and cosmetic industries, and highly educated population, South Korea is a dynamic economy and a global technological powerhouse.

South Korea is Canada’s seventh-largest trading partner and sixth-largest merchandise export market. Our countries have strong historical and economic ties with two-way trade reaching $21.87 billion in 2022. Our top exports include mineral ores, base metals, wood pulp and agri-food. The Canada-Korea Free Trade Agreement (CKFTA) has been in place since 2015.

As part of Export Development Canada’s (EDC) Indo-Pacific strategy to boost trade and investments in the region, we recently opened an office in Seoul to better serve Canadian companies seeking to expand into this vital market.

From its homogenous culture and formal meeting style to the importance of building trust and strong relationships, read our insightful EDC guide to discover the top etiquette tips for doing business in South Korea.