Official diplomatic relationship with Korea was established on April 5 of 1961 when Greece and Korea agreed for permanent residency with each other. Other agreements between Greece and Korea include; Culture Agreement of July 1970, the Trade Agreement of October 1974, the Visas Waiver Agreement of February 1979, the Science & Technology Agreement of 1994; while the Aviation Agreement, the Investment Guarantee Agreement, and the agreement to avoid double taxation were signed in 1995. The Prime Minister of Greece visited Korea in November 1990.
Greek exports to Korea amounted to US$ 30,999,000 and its imports from Korea totaled US$ 1,456,235,000 in 2000. Korean immigrants and expatriates in Greece numbered about 250 in 2001.