After the diplomatic relation establishment on December 22, 1992, Vietnam and Korea had a comprehensive and mature collaboration in many different aspects. In August 2001, the two countries tied relationship by signing a Joint Statement "The Vietnam-Republic of Korea Comprehensive Partnership". Then in 2006, Vietnam became official WTO member. This momentum pushed the 2 countries to a new position, where both countries are mutual benefit. This paper will present and analyze the Korea-Vietnam economic relationship, especially on trade and investment activites to reveal the perspectives of the two countries in the future.