French-Korean trade relations began officially with a commercial and friendship treaty concluded between the two countries in 1886. French interest in this treaty was twofold: to protect French catholic priests on the Korean peninsula who had been persecuted and to promote trade relations with the Hermit Kingdom.
To the dismay of French authorities, however, the Korean market could not sustain an interest in French products, such as wine, liquor, cheese, soap, watches, telescopes, and so on, which were beyond the means of the average Korean consumer.
All in all, Korean-French trade relations between 1886 and 1910 could only be described as weak, a state of affairs attributable to several major factors:
First, the dominance of other superpowers like Great Britain, China, Japan, and so on, over the Korean market, such that French products had less opportunities to penetrate in the Korean market.
Secondly, the lack of competitiveness of French goods compared to British goods, particularly Manchester textiles, which were very popular on the Korean market. The majority of French export products, outlined above, did not fall into Korea’s principal import categories at the time, which included goods such as textiles and mineral products, including petroleum.
Finally, the lack of French interests in the Korean peninsula. This was mainly due to the fact that France had already brought the Indo-Chinese market under her control which proved to be excellent resources for the raw materials needed for the development of French industries.