Thailand-South Korea agree to double trade to US$30 billion

Thailand and South Korea agreed to more than double their annual trade to US$30 billion over the next five years. 

After a meeting with South Korean President Lee Myung-bak, Thai Prime Minister Yingluck Shinawatra said the pair have vowed to strengthen economic bonds between their countries. 

Ms Yingluck said Thailand will boost exports of rice, fruit and frozen chicken. 

She added that South Korea has expressed support for the multi-billion-dollar Dawei deep sea port project being led by a Thai company in Myanmar. 

The Dawei development on Myanmar's southern Andaman coast is a key part of the country's plans to transform its economy. 

But the project, led by Thai industrial giant Ital-Thai, has faced resistance from local villagers and there have been signs of funding troubles.