Trade Minister Lim Hng Kiang will make a two-day official visit to South Korea, where he will sign the Korea-Singapore Free Trade Agreement with South Korean Minister for Foreign Affairs and Trade Ban Ki-Moon.

Under the pact, both sides will remove tariffs on most goods and services, including South Korean products manufactured at a joint industrial site in North Korea.

Singapore will enjoy tariff concessions on consumer electronics, precision engineering, bio-medical sciences, chemicals and agricultural products.

All South Korean exports will enter the city-state tariff-free.

Singapore is South Korea's biggest trade partner in Southeast Asia. Bilateral trade jumped 16 percent to 10.1 billion US dollars in 2004, South Korean trade ministry data showed.

South Korea, the world's 12th largest economy, has worked hard to strike free trade deals with other nations after concluding its first FTA with Chile which went into effect in April 2004.

South Korea is negotiating separate free trade deals with Japan, the Association of Southeast Asian Nations (ASEAN) and the European Free Trade Association (EFTA).