Thailand has diplomatic relations with both Korea and North Korea. The Thai embassy was set up after establishing diplomatic relations with Korea in January 1959. Thailand, in accordance with their policy of 1974 to diversify their international relations, signed a diplomatic treaty with North Korea in May 1975. Thailand participated in the Korean war as part of the UN forces and it has been a strong friendship nation of Korea. President Chon in July 1981 and YS Kim in 1996 visited Thailand to promote bi-national cooperation and friendship. Thai Prime Minister Chuan visited Korea in 1994, 1999, and 2000.
The agreements concluded between Thailand and Korea are: the Trade of 1961, Aviation of 1967, Double Taxation Avoidance of 1974, Income Tax Exempt on Income of Transportation Industries of 1977, Visas Waiver of 1981, Science & Technology of 1985, Investment Guarantee of 1989, Extradition of 1998 and others.
Thai imported from Korea mainly steel, fertilizers, textiles and engine parts costing a little over US$ 2,015 million and exported to Korea mainly feed grains, natural rubber, grains, sugar and computer parts at a little under US$ 1,631 million in 2000. Immigrants from Korea number 121 and the expatriates 10,000.