Thailand and South Korea are advancing a major economic partnership aimed at achieving rapid, transformative growth. Both countries see strong potential in combining Thailand’s leading food production sector with South Korea’s expertise in smart farming to raise regional food standards. They also plan to collaborate on high-value modern industries, including electric vehicles, AI, robotics, and especially semiconductors—areas where Korea is globally competitive and Thailand seeks future growth.
The partnership will extend into services, wellness, and medical tourism by creating joint packages that blend Thailand’s strengths in healthcare and spas with Korea’s reputation in cosmetics and aesthetic treatments.
To drive long-term cooperation, both nations are negotiating a Comprehensive Economic Partnership Agreement (CEPA) covering goods, services, investment, digital trade, and creative industries. Cultural synergies, including the rise of K-Pop and Thai pop culture, add momentum to the bilateral relationship.
Both economies face similar challenges: geopolitical uncertainties, pressure on SMEs, and rising household debt. Each government is working on financial reforms and support programmes to strengthen economic resilience. A major goal is to attract a “third wave” of Korean investment into Thailand—focusing on semiconductors, advanced electronics, biotechnology, EVs, and AI.
With strong infrastructure, over 70 industrial estates, robust supply chains, and clear policy direction, Thailand aims to position itself as a prime destination for Korean high-tech industries seeking regional expansion.
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