BANGKOK, Thailand – Deputy Minister of Commerce Suchart Chomklin has addressed the IGNITE Thailand-Korea Business Forum in Seoul, encouraging stronger economic collaboration between Thailand and South Korea. The event, held at Lotte Hotel Seoul, was organized by the Royal Thai Embassy in Seoul, the Industrial Estate Authority of Thailand, and the Herald Media Group to promote investment in next-generation industries.
In his address, Suchart invited South Korean investors to explore opportunities in Thailand’s growing green and digital sectors, including electric vehicles, clean energy, biotechnology, advanced electronics, digital technologies, and defense industries. He stated that Thailand’s strategic location and infrastructure projects, such as the Eastern Economic Corridor and the Land Bridge project, support the country’s role as a regional investment hub.
Thailand currently has 17 free trade agreements in force with 24 countries, and ongoing negotiations include the Thailand–South Korea Economic Partnership Agreement, expected to conclude this year. The agreement is projected to strengthen long-term trade and investment ties between the two countries.
Suchart also attended the launch of the Cross-Border QR Code Payment Project between Thailand and South Korea, which is designed to streamline digital transactions and support the shift toward cashless economies in both nations.
Bilateral trade between Thailand and South Korea was valued at 14.74 billion US dollars in 2024, with Thailand exporting 6.07 billion dollars worth of goods and importing 8.67 billion dollars. South Korean investment in Thailand also remained stable, with 38 investment promotion applications submitted that year, totaling more than 4 billion dollars. (NNT)
