Vietnam was South Korea's third largest trade partner in 2023

SEOUL: Vietnam remained South Korea's third-largest trade partner for the second straight year in 2023 despite a drop in both imports and exports from the South-East Asian country, according to the Korea International Trade Association (KITA).

Two-way trade reached US$79.43 billion last year, with Vietnamese exports shrinking 12.3 per cent year-on-year to $53.49 billion.