Iceland–South Korea relations are primarily based on cooperation over maritime issues, such as whaling and bottom trawling, and on bilateral trade in technology and fish products.

Diplomatic relations between Iceland and the Republic of Korea were established on October 10, 1962 according to the Korean Ministry of Foreign Affairs.

South Korea's foreign minister Choi Sung-hong visited Iceland in 2002 to discuss increased bilateral cooperation between the two countries.

[1] Progress in fish processing technology and transport has opened up new possibilities for increased trade with Korea.

[8] In the past, South Korea has supported Iceland's whaling position.