ASEAN/South Korea: South Korean economy recovering; ASEAN-S Korea FTA driving trade & investment.

Section: Economy - Prime Minister Abhisit Vejjajjiva and Thai delegates, including leading businesspersons, attended the Asean-South Korea Commemorative Summit and the CEO Summit at Jeju island on June 1-2, 2009. The Prime Minister signed the 5th FTA on Investment between ASEAN-South Korea, aimed at strengthening trade and investment between the two sides. It is expected that this agreement will help pave the way for greater opportunities in trade, services and investment between Thailand and South Korea. It is considered positive for Thailand, wherein South Korea's economy is showing signs of recovery. In 1Q09, South Korea's economy grew 0.1 percent over the preceding quarter, representing the highest growth among industrialized nations in the Organization for Economic Co-operation and Development (OECD), which have been the …