Bilateral trade relations with South Korea and Hong Kong:

Hong Kong and South Korea enjoy a close trading relationship. Bilateral trade between Hong Kong and South Korea increased 0.5% from HK$171.5 billion in 2006 to HK$172.3 billion in 2007. In 2007, South Korea was Hong Kong's 6th largest trading partner, 11th largest market for domestic exports and 7th largest market for re-exports, and 6th largest source of imports.

Hong Kong is also an important entrepot for trade between the Mainland of China and South Korea. Re-export of goods of Mainland origin through Hong Kong to South Korea increased by 3% from HK$29.3 billion in 2006 to HK$30.3 billion in 2007.

Hong Kong's domestic export of goods to South Korea totalled about HK$1.5 billion in 2007. The top three export categories to South Korea in 2007 were:

  • Metalliferous ores and metal scrap
  • Electrical machinery, apparatus and appliances and electrical parts thereof
  • Telecommunications and sound recording and reproducing apparatus and equipment

Hong Kong's re-export of goods to South Korea totalled about HK$51.5 billion in 2007. The top three re-export categories to South Korea in 2007 were:

  • Electrical machinery, apparatus and appliances and electrical parts thereof
  • Telecommunications and sound recording and reproducing apparatus and equipment
  • Office machines and automatic data processing machines

Hong Kong's import of goods from South Korea totalled about HK$119.4 billion in 2007. The top three import categories from South Korea in 2007 were:

  • Electrical machinery, apparatus and appliances, and electrical parts thereof
  • Telecommunications and sound recording and reproducing apparatus and equipment
  • Petroleum, petroleum products and related products



Bilateral Investment

  • As at end 2006, South Korea was the 17th major source of inward direct investment (IDI) into Hong Kong, with an IDI stock of HK$19.8 billion.
  • As at end 2006, South Korea was the 15th major destination of outward direct investment (ODI) from Hong Kong, with an ODI stock of HK$16.3 billion.
  • As at June 2007, 16 regional headquarters, 64 regional offices and 60 local offices were set up by Korean companies in Hong Kong.
  • The South Korea-Hong Kong Investment Promotion and Protection Agreement (IPPA) has entered into force since July 1997. The Agreement further strengthens the excellent trade and economic relations between South Korea and Hong Kong.

(Source: Trade and Industry Department, RC Division - www.tid.gov.hk)

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