President Basescu leaves for South Korea
Basescu will arrive in Seoul around 16:30, local, the difference of time between the two countries is of six hours.
On the official delegation, there are Justice minister Catalin Predoiu, and ForMin Lazar Comanescu. The two ministers will sign on Thursday official documents, on behalf of Romania, with their counterparts in South Korea. Comanescu will sign a social security agreement, and Predoiu a cooperation protocol between the Justice Ministries of Romania and Korea.
"The Republic of Korea will become the first strategic partner of Romania in Asia, reconfirming common global interests, and the high level of cooperation between the two states, " said the Presidential Administration.
The agenda also includes a meeting with speaker of the Korean National Assembly and the head of the Parliamentary Association of Friendship Korea-Romania.
On March 30, 1990, Romania and the Republic of Korea established diplomatic relations at embassy level.
At presidential level, the contact was set in 1994, when President Ion Iliescu paid a state visit.
The main message of the visit of President Traian Basescu was of consolidation of the bilateral links between the two countries, placing emphasis on the rise in direct South-Korean investment in Romania.
The two heads of state discussed the intensification of cooperation between the two countries, notably in nuclear energy, and in the technical-scientific field, in that of international trade and investment, the mutual cooperation at international level, the situation in the Korean peninsula, taking into account the nuclear programme of North Korea.
In 2001, Senate speaker Nicolae Vacaroiu paid an official visit to the Republic of Korea.
In 2002, speaker of the National Assembly of the Republic of Korea Park Kwangyong paid an official visit to Romania.
The foreign ministers of the two countries made visits to Bucharest and Seoul respectively, Choi Ho-Joong to Bucharest, in 1990, Adrian Nastase to Seoul in 1991, Mircea Geoana to Seoul in 2001.
In 2007, the Romanian-Korean trade stood at 880.3 million dollars, of which 59.6 million dollars was Romanian export, and 820.7 million dollars Romanian import from the Republic of Korea.
On Dec 31, 2007, South-Korean investment in Romania totaled 151.29 million dollars.