THE National Foundation Day of Korea was celebrated at the Novotel Convention Centre in Lami on Wednesday.
Speaking at the celebrations Korean Ambassador Hae-wook Cheong stressed the importance of his country's relationship with Fiji over the past 12 months.
Mr Cheong said Fiji's Embassy in Korea was realised in July.
"It is a landmark event to herald full-fledged and reciprocal engagements in 41 years of diplomatic relations," he said.
"Prime Minister Commodore Voreqe Bainimarama visited Korea and presided over the observance of the Fiji Day celebrations during the Yeosu Exposition."
Mr Cheong said Fiji and Korea had also been actively participating in various forms of dialogues recently.
He said while Koreans made up 0.05 per cent of Fiji's total visitor arrivals, bilateral trade between both countries grew after a few stagnant years.
"Trade volume in 2011 amounted to $82million, or a 34 per cent increase from the year before. With a view to strengthening bilateral trade links, the Korean Embassy hosted the first Fiji-Korea Business Forum last year," he said.
He also revealed that with bilateral co-operation in economic development and resources in progress the prospects for expanding and deepening ties would be promising, in particular, with the opening of the Fijian Embassy in Korea.
The function was attended by government ministers, senior officers and members of the diplomatic corps.