South Korea customs involve bowing as a greeting gesture. They are well-organized and value confidence and respect in negotiations. Some popular Korean foods include hotteok sweet rice balls and boong uh bangh. Sugar is one of South Korea's most imported products from Colombia. South Korea has a low unemployment rate of 3.6%, is the 7th largest exporting country, and has low inflation of 0.7%. The free trade agreement between the countries will gradually reduce tariffs on Colombian sugar exports over 16 years.