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Korea


TPP-11 now turns focus to recruiting new members
In January meeting, addition of Thailand, South Korea and UK to be discussed.
Korean utility refers India to arbitration
South Korean utility Korea Western Power Company (Kowepo) has begun arbitration proceedings against India for not honoring a fuel supply commitment to a gas-based power plant that it part-owns in western India
Schindler sues Korean gov’t over Hyundai Elevator
Swiss elevator maker, Schindler Group, has officially filed for an investor state dispute settlement against the Korean government seeking US$300 million in compensation for losses over its approval of paid-in capital increase of Hyundai Elevator
Gov’t submits bill on ratification of KORUS FTA to parliament
South Korea’s trade ministry said Friday it has submitted a bill on ratifying the revised free trade agreement with the United States to parliament, the final domestic procedure needed for its implementation.
Moon’s ’anti-corruption’ move invites ISDS lawsuits
The Moon Jae-in administration’s campaign to "root out archaic irregularities" appears to have backfired as global private equity funds are rushing to file investor-state dispute settlements.
Trump signs revised Korean trade deal
There are few fundamental changes to the existing agreement, which Mr. Trump has blamed for hundreds of thousands of lost American jobs.
Mercosur holds first negotiating round for Korea trade deal, looks to EU next steps
EU-Mercosur latest negotiation round remained complex as first round of Korea-Mercosur trade talks focused on goods, services, investment, public procurement, and e-commerce.
China-Korea FTA
As released by the Ministry of Commerce, China
S. Korea, Mercosur to hold first trade talks in Uruguay
South Korea and the South American trade block Mercosur will launch their formal trade negotiations in Uruguay.
Trump: Revised KORUS FTA may be signed during UN General Assembly
US President Donald Trump said that a revised trade deal between the US and South Korea may be signed later on the sidelines of the UN General Assembly.
Revised FTA to curb overuse of legal dispute by foreign investors
Lawyers claim investor-state dispute settlement should be abolished in FTA as in NAFTA.
S. Korea discloses revised clauses of FTA with US
South Korea will collect public opinions on the recently revised free trade agreement with the United States before sending it to the parliament for approval.
US-Korea FTA: Protocol amending the agreement (Sep 2018)
As released by the Korean Ministry of Trade, Industry and Energy
Indonesia, South Korea calling for acceleration of RCEP negotiation
Indonesian President Joko Widodo and visiting Prime Minister of South Korea Lee Nak-yeon met at the State Palace on Monday, calling for acceleration of the Regional Comprehensive Economic Partnership (RCEP).
South Korea decides to join CPTPP
The South Korean government has decided to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). It is now mulling over when to sign it.
WSJ: Revised KORUS FTA jeopardized by auto tariff dispute
A revised free trade agreement between South Korea and the US is reportedly in jeopardy after President Donald Trump threatened to impose heavy tariffs on auto and auto parts imports.
Swiss foreign investor claims it suffered US$264 million in damages caused by South Korean government
This is the fourth ISDS dispute this year in which the South Korean government is embroiled.
Korea-Turkey FTA in services and investment to go into effect Wed
A free trade agreement between South Korea and Turkey expands to the services sector and investment from Wednesday, raising more business opportunities for Korean contents and builders in the transcontinental country.
Schindler seeks $264 mn ISD suit vs Korean gov over Hyundai Elevator
Schindler filed a notice of intent for arbitration on July 11. Under the ISD procedure, if the issue is not resolved through settlement in 90 days, the investor can take the case to the international tribunal.
TPP countries to start accession talks for new members in 2019
Thailand, Indonesia, Columbia, South Korea and Taiwan are seen as willing to join the revised TPP. Britain has also shown interest.