S Korea, Asean to work to boost two-way trade by over 50% by 2020

SOUTH Korea and the 10-member Asean have agreed to work together to boost two-way trade by more than 50 per cent to hit US$200 billion by 2020.

When Asean and Korea first established diplomatic ties in 1989, trade amounted to just US$8 billion. That number reached US$135.3 billion last year and is "well on its way" to hit US$150 billion in 2015.

Korean Pr…