SOUTH KOREA: YITZHAK RABIN VISIT

(19 Dec 1994) English/Nat Ties between Israel and South Korea have significantly improved during a high-level summit in Seoul. South Korea's President, Kim Young Sam, invited Israeli Prime Minister Yitzhak Rabin for a four day meeting. A number of agreements have been signed, and both sides hope that trade between the two countries will increase substantially. The two countries established diplomatic ties in 1962 but the political situation in the Middle East stopped either country benefiting much from the arrangement. Following the recent peace accords, they are now looking for improved economic relations. Agreements have now been signed in aviation cooperation, visa exemption and cultural exchanges. However it's hi-tech that will probably interest both countries the most. SOUNDBITE: "Now, what we can offer to Asia is especially technological cooperation and high technology products. We can offer to Asian countries help with our knowledge in agricultural technology, in medical equipment, in defence industries, in biotechnology, in electronic devices and components, in fine chemicals" SUPER CAPTION: Michel Habib, Commercial Attache, Embassy of Israel The trade won't just be one way. The giant Samsung corporation and other South Korean firms have seen bilateral trade shoot up this year. Although the partnership's still young, both sides have high hopes for the future. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter:   / ap_archive   Facebook:   / aparchives   ​​ Instagram:   / apnews   You can license this story through AP Archive: http://www.aparchive.com/metadata/you...