Economic and trade cooperation between China and South Korea has a huge potential for development.China and South Korea finally ended up substantive negotiations on the relevant agreements on the establishment of the FTA in the November of 2014. China and South Korea FTA and the progress in free trade zone development mean that the qualitative leap in the upcoming bilateral economic relations. Meanwhile

the establishment of FTA has brought unprecedented opportunities for the development of Bohai rim economic zone. This paper analyzes the development characteristics

predicts development trends based on the GTAP model and gives solutions on industrial restructuring and economic development planning of Bohai rim region according to economic relations between China and South Korea FTA and the Bohai rim region.