The Government of the Republic of Korea and the Government of the Republic of Finland, hereinafter referred to as "the Contracting Parties",

Bearing in mind the friendly and cooperative relations existing between the two countries and their peoples,

Intending to encourage and create favourable conditions for investments by investors of one Contracting Party in the territory of the other Contracting Party on the basis of equality and mutual benefit, and

Recognizing that the mutual promotion and protection of investments on the basis of an Agreement stimulates business initiatives,

Have agreed as follows: