Canada-Korea Relations
Explore the strong economic and cultural ties between Canada and the Republic of Korea.
$15B+
Bilateral Trade
Annual trade volume
400+
Korean Companies in Canada
Major investments
200+
Canadian Companies in Korea
Active businesses
2015
CKFTA
Free trade agreement in effect
$15B+
Bilateral Trade
Annual trade volume
400+
Korean Companies in Canada
Major investments
200+
Canadian Companies in Korea
Active businesses
2015
CKFTA
Free trade agreement in effect
Canada–Korea Trade in a Changing Global Context
Canada and the Republic of Korea share a mature and resilient trade and investment relationship, supported by the Canada–Korea Free Trade Agreement (CKFTA) and reinforced by growing cooperation across key industrial sectors.
As global trade patterns evolve and supply chains face increasing uncertainty, Canada–Korea economic ties have continued to demonstrate stability and long-term potential. Bilateral trade has expanded significantly since the entry into force of the CKFTA, with sustained growth in Canadian exports to Korea and strong two-way investment flows.
Today, Canada and Korea are deepening collaboration in areas such as advanced manufacturing, clean energy, critical minerals, and technology, positioning the relationship as an important anchor for businesses operating in the Indo-Pacific and North American markets. Get more information on the CKFTA
Timeline of Canada–Korea Relations
1963
Canada and the Republic of Korea establish diplomatic relations, marking the beginning of formal bilateral engagement.
1973
Canada opens its first Trade Office in Seoul, strengthening economic and commercial cooperation.
1995
The Canadian Chamber of Commerce in Korea (CanCham Korea) is established to support Canadian businesses and promote bilateral trade and investment.
2015
The Canada–Korea Free Trade Agreement (CKFTA) enters into force, significantly expanding trade and investment flows.
2023
Canada and Korea mark 60 years of diplomatic relations, reflecting six decades of partnership across government, business, and civil society.
Today
Canada–Korea relations continue to deepen, with growing collaboration in clean energy, technology, supply chains, and innovation.
1963
Canada and the Republic of Korea establish diplomatic relations, marking the beginning of formal bilateral engagement.
1973
Canada opens its first Trade Office in Seoul, strengthening economic and commercial cooperation.
1995
The Canadian Chamber of Commerce in Korea (CanCham Korea) is established to support Canadian businesses and promote bilateral trade and investment.
2015
The Canada–Korea Free Trade Agreement (CKFTA) enters into force, significantly expanding trade and investment flows.
2023
Canada and Korea mark 60 years of diplomatic relations, reflecting six decades of partnership across government, business, and civil society.
Today
Canada–Korea relations continue to deepen, with growing collaboration in clean energy, technology, supply chains, and innovation.
Key sectors
Technology & Innovation
Collaboration in AI, fintech, and digital transformation between Canada and Korea.
Clean Energy
Joint ventures in renewable energy, battery technology, and sustainable solutions.
Trade & Investment
Facilitated by the Canada-Korea Free Trade Agreement (CKFTA) since 2015.
Education & Culture
Student exchanges, cultural programs, and academic partnerships.
Technology & Innovation
Collaboration in AI, fintech, and digital transformation between Canada and Korea.
Clean Energy
Joint ventures in renewable energy, battery technology, and sustainable solutions.
Trade & Investment
Facilitated by the Canada-Korea Free Trade Agreement (CKFTA) since 2015.
Education & Culture
Student exchanges, cultural programs, and academic partnerships.