During the Korean War, Thailand was the second nation to send troops—a total of over 10,000—to support South Korea, just after the United States.[2] Thai casualties included 137 dead and more than 300 wounded.[2]
The Industry Ministry reported that Thailand and South Korea had trade value of US$11.7 billion in 2017.[3] As of 2020[update], 400 South Korean companies have invested in Thailand, and trade between Thailand and South Korea stands at around US$15 billion (470 billion baht) annually.[4]
Cultural relations
Since 2015, Korean pop groups and television dramas have surged in popularity in Thailand, to the extent that a phrase, "Korean wave" Thai: กระแสเกาหลี; RTGS: krasae kaoli) has been coined to explain the phenomenon.[4]K-pop in particular has influenced Thai food, fashion, and interest in cosmetic surgery.[2]