Activity: Consultancy types › KTP & Consultancy in kind
Description
South Korea and the EU are ‘like-minded partners‘ that have significantly strengthened their relationship over the past decade. Since the upgrade of relations to a Strategic Partnership in 2010, South Korea and the EU have signed a Free Trade Agreement (FTA) applied since 2011 and formally entering into force in 2015, a Framework Agreement that entered into force in 2014, and a Crisis Management Participation Agreement that entered into force in 2016. These agreements cover the three key areas of economics, politics, and security. They also help to cover the South Korea-EU relationship in the area of North Korea issue management. All of them are central to South Korea‘s foreign policy, since they underpin some of the country‘s core foreign policy objectives: to strengthen national security, to increase trade and economic relations with third countries, and to manage the North Korean issue. They are also central to the South Korea-EU partnership.