Korea and Turkey may not be major trading partners, but their trade volume has risen since the global financial crisis in 2009, reaching over US$5.2 billion last year.
Korea's major export products to Turkey include automobiles, ships and steel products, while petroleum products and auto parts are some of the major imports from Turkey.
A free trade pact between the two countries went into effect last May. Experts say Korea relies heavily on exports and needs to continuously tap new markets.
"Turkey has great potential as an emerging market with its geographically important location connecting Europe, the Middle East and Asia in addition to its abundant labor force," a ministry official said.
Korean companies like Hyundai Motor and steelmaker POSCO are actively investing in the country. Korea's total investments in Turkey stood at around $1.2 billion last year.