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Iceland–South Korea relations

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Iceland–South Korea relations are primarily based on cooperation over maritime disputes concerning whaling and bi-lateral trade in technology and fish products, although there are various other ways in which the two countries interact.

Diplomatic ties

Diplomatic relations between Iceland and the Republic of Korea were established on October 10, 1962 according the The Korean Ministry of Foreign Affairs. The Icelandic Ministry for Foreign Affairs gives the date as 19 April 1982. Iceland's Embassy in Beijing is accredited South Korea, and Iceland also has two consulates in Seoul. South Korea's embassy in Oslo, Norway is accredited to Iceland, and South Korea has a consulate in Reykjavík.

In May 2008, the two countries signed an agreement on double taxation.

Trade

In 2006, South Korean exports to Iceland totaled US$36,000,000, mainly automobiles and tires, while Iceland's exports to South Korea totaled US$13,000,000, mainly marine products and fur.

Maritime issues

Both Iceland and South Korea have been involved in controversy over whaling and dragnet trawling.

Trivial connections

  • South Korea has the largest current account deficit in Asia and its banks have the worst loan-to-deposit ratios, which has prompted some concern that South Korea may be Asia's Iceland.
  • In the 1992 Olympics Iceland beat South Korea 26-24 in the Men's Handball competition. In the same event at the 2008 Olympics South Korea beat Iceland 22-21.
  • 2006 OECD figures revealed that Iceland topped the list of broadband users. This was a surprise as South Korea is regularly touted as being the most wired nation on Earth.
  • Icelandic hip hop band XXX Rottweiler hundar released their debut album in 2001. Their music was used in the US-Korean film In Between Days (film).
  • The Korean word for cured pork is "peik’ŏn" ( 베이컨 ), from the Old Icelandic "bakan" (bacon).

See also

References

  1. ^ "Republic of Iceland". Republic of Korea - Ministry of Foreign Affairs. Retrieved 2009-07-11.
  2. "Embassy of Iceland - Beijing, China". Icelandic Ministry for Foreign Affairs. Retrieved 2009-07-11.
  3. "South Korea, Iceland sign agreement on double taxation". China View. May 15, 2008. Retrieved 2009-07-11.
  4. "Convention signed between Iceland and South Korea". IceNews – Daily News. May 27, 2008. Retrieved 2009-07-11.
  5. The whaling season By Kieran Mulvaney ISBN 1-55963-978-4
  6. Blame Iceland
  7. Is South Korea Asia's Iceland?
  8. Olympics Sports Reference
  9. Iceland run ended by South Korea
  10. South Korea Iceland
  11. Iceland comes first in broadband
  12. Iceland's love for broadband beats South Korea
  13. Myspace: XXX Rottweiler hundar
  15. Bacon

External links

Iceland Foreign relations of Iceland
Americas Coat of arms of Iceland
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South Korea Foreign relations of South Korea
Africa Emblem of South Korea
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Korea, Korea

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