Wikipedia

Mexico–South Korea relations

Mexico–South Korea relations are the bilateral relations between Mexico and South Korea. There are an estimated 15,000 Koreans and Mexicans of Korean descent living in Mexico.[1] Both nations are members of the Asia-Pacific Economic Cooperation, G-20 major economies, Organisation for Economic Co-operation and Development and the United Nations.

Mexico–South Korea relations
Map indicating locations of Mexico and South Korea

Mexico
South Korea

History edit

 
Korean Friendship Pavilion in Mexico City

The first contact between the peninsula of Korea and Mexico took place when Spanish born and Mexican born Jesuits from New Spain (modern-day Mexico) arrived to Korea to preach Christianity.[2] Since initial contacts, there would be almost no further direct contact between the two nations and any contact at all would have been done with Korean trading ships coming to Manila (capital of the Spanish crown in the Philippines) and their goods and merchandise traveling by Spanish galleons to present day Mexico. In 1905, a Korean ship called the Ilford arrived in southern Mexico carrying approximately 1,033 Korean migrants. These migrants eventually settled in the Mexican state of Yucatán.[3]

During the Korean War, unlike several Latin-American nations, Mexico decided to remain neutral and not send troops to the Korean peninsula.[4] On 26 January 1962, Mexico and South Korea formally established diplomatic relations. That same year, South Korea opened an embassy in Mexico City.[5] Initially, Mexico conducted relations with South Korea from its embassy in Tokyo, Japan. In March 1968, South Korea dedicated a Friendship Pavilion to Mexico and placed it in Chapultepec.[2] In 1978, Mexico opened an embassy in Seoul.[2]

In 1991, South Korean President Roh Tae-woo became the first Korean head of state to visit Mexico and Latin-America. In 1996, Mexican President Ernesto Zedillo reciprocated the visit to South Korea. Since then, there have been several high level visits between the two nations.[3]

In 2017, both nations celebrated 112 years since the first Korean migration to Mexico.[2] In 2022, both nations celebrated 60 years of diplomatic relations.[6] In July of that same year, Mexican Foreign Minister Marcelo Ebrard paid a visit to South Korea to continue the conversations for a free trade agreement between both nations that were initiated in 2012.[7]

High-level visits edit

 
Mexican President Enrique Peña Nieto and South Korean President Park Geun-hye in Mexico City, 2016.

Presidential visits from Mexico to South Korea[8]

Presidential visits from South Korea to Mexico

Bilateral agreements edit

Both nations have signed several bilateral agreements:[2][9]

  • Agreement on Educational and Cultural Cooperation (1966)
  • Agreement on Economic, Scientific and Technical Cooperation (1989)
  • Agreement on Tourism and Telecommunications (1999)
  • Agreement on the Avoidance of Double-Taxation (2000)
  • Agreement on the Promotion and Reciprocal Protection of Investments (2000)
  • Agreement on Technology and Innovation (2016)
  • Agreement on Clean Energy Cooperation (2016)
  • Agreement on Combating International Organized Crime (2016)
  • Agreement on Higher Education, Health and Social Security (2016)
  • Agreement on Intellectual Property (2016)

Tourism and Transportation edit

In 2016, 45,000 South Korean citizens visited Mexico for tourism. That same period, over 8,000 Mexican citizens visited South Korea for tourism.[2] In 2017, direct flights began between Mexico and South Korea with Aeroméxico.[10]

Trade edit

 
Embassy of South Korea in Mexico City

In 2012, Mexico and South Korea began negotiations on a free trade agreement.[11] In 2018, trade between the two nations amounted to US$19.1 billion.[12] Mexico's main exports to South Korea include: petrol based products, minerals, seafood and alcohol (tequila and beer). South Korea's main exports to Mexico include: electronic equipment including cell phones and car parts.[3]

South Korea is Mexico's sixth biggest trading partner globally and South Korean foreign direct investment in Mexico between 1999 - 2023 amounted to over US$10.2 billion.[13] During the same time period, Mexico invested US$200 million in South Korea.[3] There are 1,700 South Korean companies investing in Mexico. Several South Korean multinational companies operate in Mexico such as LG, Hyundai, Kia Motors, Posco, Samsung and many others. Two Mexican multinational companies operate in South Korea: Grupo Promax and KidZania.[2]

Resident diplomatic missions edit

See also edit

References edit

  1. ^ "South Korea and Mexico Have Become Good Partners". Retrieved 29 April 2016.
  2. ^ a b c d e f g Relaciones México-Corea (in Spanish)
  3. ^ a b c d 50 years of diplomatic relations between South Korea and Mexico (in Spanish) Archived 2014-07-14 at the Wayback Machine
  4. ^ El Batallón Colombia (in Spanish)
  5. ^ History of diplomatic relations between Mexico and South Korea (in Spanish)
  6. ^ México y la República de Corea conmemoran 60 años de relaciones diplomáticas (in Spanish)
  7. ^ El canciller Marcelo Ebrard y su homólogo coreano Park Jin acuerdan impulsar el Tratado de Libre Comercio entre ambas naciones (in Spanish)
  8. ^ "Embajada de México en Corea". Retrieved 29 April 2016.
  9. ^ México y Corea firman 17 acuerdos de cooperación (in Spanish)
  10. ^ Aeroméxico: Próximo destino: Seúl, Corea del Sur (in Spanish)
  11. ^ "TLC con Corea - El Economista". Retrieved 29 April 2016.
  12. ^ "Mexican Ministry of the Economy: South Korea (in Spanish)". Archived from the original on 2016-04-25. Retrieved 2017-09-04.
  13. ^ "FOREIGN DIRECT INVESTMENT". Data Mexico.
  14. ^ Embassy of Mexico in Seoul
  15. ^ Embassy of South Korea in Mexico City
Retrieved from "https://en.wikipedia.org/w/index.php?title=Mexico–South_Korea_relations&oldid=1216514369"