IGNITE Thailand-Korea Business Forum, Bangkok 2025 Strengthens Thailand-ROK Business Partnership and Unlocks New Trade and Investment Opportunities
The Royal Thai Embassy, Seoul, Herald Media Group, and the Industrial Estate Authority of Thailand (IEAT), co-hosted the IGNITE Thailand–Korea Business Forum, Bangkok on 17 November 2025 at the Grand Hyatt Erawan Bangkok. The event drew strong interest from Thai and Korean private sectors, with more than 500 investors and business participants from Thailand and South Korea in attendance.
The Opening Ceremony was joined by H.E. Mr. Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance of Thailand, Mr. Lee Hack-young, Vice Speaker of the National Assembly of the Republic of Korea, Mr. Karn Karuhadej, Advisor to the Minister of Foreign Affairs of Thailand, Mr. Maeng Sung-kyu, chairman of the National Assembly's Land, Infrastructure and Transport Committee and H.E. Mr. Tanee Sangrat, Ambassador of Thailand to the ROK.
Senior officials from various economic, trade, and industrial agencies of both countries, such as the Ministry of Trade, Industry and Resource (MOTIR) of the ROK, the Ministry of Commerce of Thailand, BOI, EEC Office, and IEAT—also provided comprehensive insights of bilateral economic cooperation.
Throughout the forum, speakers shared perspectives on several key topics of mutual interest. These included updates on the Korea–Thailand Comprehensive Economic Partnership Agreement (KTCEPA) negotiations, Thailand’s investment incentives, particularly for targeted industries such as biotechnology, smart energy, smart appliances, and semiconductors. The speakers also discussed opportunities for the further collaboration in the rapidly growing creative industries, such as digital content, film, music, K-Wave, and K-Beauty.
Representatives from both sides agreed that there remains