The two countries enjoy close relations in a spirit of trust. There are more than 40,000 Koreans living in Germany. Korean guest workers (above all miners and nursing staff) helped the reconstruction of the two countries.
On his first overseas trip since taking office, President Moon visited Germany in 2017, meeting with Federal President Frank-Walter Steinmeier and Federal Chancellor Angela Merkel, among others. Federal President Steinmeier visited Korea in February 2018 to attend the opening ceremony of the Winter Olympics. Federal Foreign Minister Maas met Foreign Minister Kang in Seoul in July 2018.
Shared political priorities include strengthening democracy and human rights, promoting multilateralism and consolidating the global economic and financial system within the framework of the G20, participating in international peacekeeping operations and the struggle against the impact of climate change.
The countries’ shared experience of division brings them closer together. Since 2011, experts from politics and academics have been using the annual meetings of the German Korean Advisory Board to engage in dialogue about the implications of reunification and to develop ideas for the inner-Korean reconciliation process. Since 2002, the German-Korean Forum with representatives of civil society in both countries has been meeting annually to draw up recommendations on how to deepen the wide range of bilateral relations.
With its strong economy and advanced technological capabilities, South Korea is one of Germany’s main trading partners in East Asia and the third most important market for German goods in Asia after China and Japan. Germany is South Korea’s most important European trading partner with a bilateral trade volume of 30.3 billion US dollars in 2018. There are some 500 German companies or firms with German equity participation operating in South Korea, employing a local workforce of approximately 100,000.
South Korea is a global leader in information and communication technology and an important partner for research cooperation. In terms of cultural exchange, German classical music is held in high regard in South Korea, while K-pop and K-drama are becoming more and more popular amongst the young generation in Germany.