콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Economic Administration

Print

Korean’s economic relations with CLMV countries

Related Document
Frame of Image
  • Korean’s economic relations with CLMV countries
  • Cheong, Jaewan
  • Economic Research Institute for ASEAN and East Asia


link
Title Korean’s economic relations with CLMV countries
Similar Titles
Material Type Articles
Author(English)

Cheong, Jaewan

Publisher

[Jakarta Pusat]:Economic Research Institute for ASEAN and East Asia

Date 2008-03
Pages 37
Subject Country Cambodia(Asia and Pacific)
Laos(Asia and Pacific)
Myanmar(Asia and Pacific)
South Korea(Asia and Pacific)
Vietnam(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Holding ERIA

Abstract

Korea’s diplomatic relations with Cambodia, Laos, Myanmar, and Vietnam (CLMV) started to normalize in the 1990s. From then on, the CLMV countries have risen to become Korea’s principal target in external trade and overseas direct investment (ODI). Especially in ODI, tourism, and official development assistance (ODA), the CLMV countries have been rapidly rising as preferred destinations of Korea. Vietnam, in particular, has become one of Korea’s major destinations of ODI after the two started forming friendly relations in 1992. The economic cooperation between the two areas has indeed been showing signs of expansion and this is envisaged to continue as long as the economic growth of Korea and CLMV countries continues. For Korea, this can be made possible through the expansion of ODA support and continued application of the Generalized System of Preference to less developed countries, as well as the improvement of its trade imbalance. (The rest omitted)

User Note

This chapter should be cited as Cheong, J. (2008), ‘Korean’s Economic Relations with CLMV Countries’, in Sotharith,
C. (ed.), Development Strategy for CLMV in the Age of Economic Integration, ERIA
Research Project Report 2007-4, Chiba: IDE-JETRO, pp.262-297.