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Panama â South Korea relations are bilateral relations between Panama and South Korea, which were established in 1962. [1] Panama has an embassy in Seoul. [2] [3] South Korea has an embassy in Panama City. [4]
Both countries are members of the United Nations.
The Panama-Korea Association was established in 2012 with the purpose of promoting and strengthening commercial, academic, cultural and friendship links between both countries. [5]
2010 was an important year for bilateral relations. In June, South Korean President Lee Myung-bak visited Panama. Later, in October, he received his Panamanian counterpart Ricardo Martinelli at Cheong Wa Dae for summit talks. [1]
In 2021, Panama's exports to South Korea amounted to $380 million. South Korea is the third largest export partner of Panama. [6]