New Zealand and
South Korea business ties
The Republic of Korea (South Korea) and New Zealand have complementary economies and are natural trading partners. South Korea is New Zealand’s sixth-largest trading partner, with two-way goods and services trade totalling NZ$4.7 billion in the 12 months to September 2018, more than four times 1990 levels.
The Korea-New Zealand Free Trade Agreement (KNZFTA) entered into force in December 2015 and is expected to help drive further growth in two-way trade.
As liberal democracies with market economies, we also work together in regional and global forums, and have cooperation agreements for film, science and technology, education and the Antarctic.