Documente Academic
Documente Profesional
Documente Cultură
Since 2010.
Under the umbrella of ASEAN
Defence Ministers Meeting-
Plus.
Potential arms trade between
Korea and Brunei.
ECONOMIC RELATIONS
Initiated before the official establishment of diplomatic
relations in 1984.
The Visit to Brunei in July 1983 of the Korean Minister of
Construction (one of the major early high-level exchange )
Daelim Industrial Co.Ltd., was the first firm to have
entered Brunei and built a LNG liquefaction plant in Brunei
in the 1970s.
The project was an ambitious joint venture between the
Government of His Majesty the Sultan and Yang Di-
Pertuan of Brunei Darussalam, Shell Overseas Trading
Limited and Mitsubishi Corporation.
The project pioneered the large-scale liquefaction and
transportation of natural gas, helping to establish LNG as
a global energy source.
ECONOMIC RELATIONS
ECONOMIC RELATIONS- CONSTRUCTION
Korean firms participated in large-scale construction projects in Brunei in the 1990s.
Sultan Haji Hassanal Bolkiah Complex ( Kiarong Mosque)
Yayasan Hassanal Bolkiah Complex (Kyungnam)
Jerudong Park Marine Breakwater(Hyundai E&C)
Brunei Shell Petroleum HQ building renovation (Daelim)
All construction firms withdrew from Brunei by 2006, primarily in response to the
economic crisis in 1997 and the consequent economic recession.
ECONOMIC RELATIONS- CONSTRUCTION
Early 2010s marked a turning point for cooperation both countries.
Dramatic rise in international oil prices and consequently to the booming large-scale
construction in Brunei.
Korean President- Park Geun Hye requested His Majesty Sultan Haji Hassanal Bolkiah to
support the participation of Korean firms in infrastrure construction-related project at bilateral
summit talk in Brunei on 9 October 2013.
In 9 December 2014, both countries agreed to expand areas of economic cooperation
exchanges in investment and the economy.
A Memorandum of Understanding was signed in a bid to expand in the field of agriculture and
fisheries.
Construction projects of Muara-Temburong Bridge (US$ 3 BILLION construction of a 30
kilometer-bridge)
A gas turbine power plant in Pulau Muara Besar (PMB) island
ECONOMIC RELATIONS-TRADE
Trade between both countries not as big as that between Korea and other major
ASEAN countries.
Increased nice-fold since 1984.
Brunei is 53 largest trade partner of Korea in 2013.
Increase after the inauguration of the ASEAN-Korea Center on 13 March 2009
Korea is second largest export partner of Brunei.
ECONOMIC RELATIONS-TRADE
Major trade are
natural resources(crude
oil and natural gas)
energy (chemicals)
infrastructure item
(iron&steel,construction-
related)
motor vechicles
manufacturing (plastic
products and halal
business-related).
ECONOMIC RELATIONS- INVESTMENT
Not substantial as in other major ASEAN countries.
Dramatically increased in 2009 after the inauguration of the ASEAN-Korea Center on
13 March 2009.
Big Enterprises(BEs) play a more significant and substantive role in Korean
investment in Brunei than Small and Medium-sized Enterprises.
ECONOMIC RELATIONS- OTHERS
Shipbuilding E-Government
Korean shipbuilding firms have Since 2010
been awarded four major Cooperated to built e-government
shipbuilding contracts since 2008. in Brunei.
31/1/2008, Daewoo Shipbuilding MoU signed on 8/8/2010.
and Marine Engineering Company
Aims to establish a general
Limited won 2 shipbuilding
framework for cooperation of e-
contracts (US$ 500million).
government.
Hold regular IT cooperation
committee meetings
ECONOMIC RELATIONS- OTHERS
(HALAL BUSINESS)
Halal certification has attracted world popularity.
Korean companies interested in working with Bruneian counterparts holding halal
certification (halal cosmetics, halal food) to manufacture halal products for the global
market, especially in Islamic countries.
Korean promotion agencies use halal certification system to allow the export of
Korean products to the Middle East.
Increase awareness about halal in the East Asian region.
Sociocultural Relations
Korea Immigrants in Educational Korean Wave Tourism
Brunei Exchanges
First Korean o First Korean Spread to Brunei in No frequent as other
immigrants appear in Language school 1990s ASEAN countries.
the logging business opened in Brunei in Broadcasting Bilateral Agreement
from Miri, Malaysia. October 1971. Exchange Agreement for air services
Mostly technicians in o Universiti Brunei between Arirang TV signed on 5 August
automobile workshop Darussalam(UBD) and Brunei RTB 1992 and became
in 1960s and launched Korean signed in April 2010. effective on 30 July
agriculturalists in Language Korean Culture 2003.
poultry Programme in August Club(KCC) in UBD in
industry(1970s) 2005. 2006.
o Since 2008, Bruneian
GKS
CONCLUSION
The relations between Korea and Brunei significantly increased since the ASEAN-
Korea Center was inaugurated on 13 March 2009 and Brunei assumed the ASEAN
Chairmanship in January 2013.
Korea understand indentity diplomacy is very important to maintain the relation.
Both countries should have more multilateral meetings and summits.
Maybe Korea lack of concern on Brunei compare to other ASEAN countries because
of the size of marketing.