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Korea


Prospects seen dim for Japan trade pact
Korea’s top trade official voiced pessimism about the prospects for signing a free trade agreement with Japan and the United States, but was more hopeful about future trade accords with other nations.
FTA best trade option for Korea, US: Further delay in talks may jeopardize bilateral relationship
An influential official of the US business community says the US could put aside Korea as a trade partner for free trade agreement (FTA) talks if no progress is made to resolve bilateral trade issues in the next six months.
Chambers agree to promote a Korea-New Zealand FTA
Wellington Regional Chamber of Commerce President Simon Arnold and his counterpart from the Busan Chamber of Commerce and Industry last week signed an agreement committing both Chambers to promote to their respective Governments the advantages of an FTA between Korea and New Zealand.
Screen quota defenders rally for Unesco draft
The long-running dispute over Korea’s screen quota system is moving onto new ground: the quota’s supporters are rallying around the final draft of a Unesco convention that would exclude the cultural industries in all of the organization’s member states from free trade agreements or World Trade Organization bylaws.
BOK head calls for FTAs in N-E Asia
The nation’s top central banker Monday stressed the need for speeding up the formation of free trade agreements (FTAs) among Korea, China and Japan, to boost regional cooperation and mutual investment.
Trade accord with US
Security has been so dominant in the past in Seoul’s relations with Washington, its sole military ally, that other crucial agenda items have often failed to draw adequate attention from top South Korean policymakers.
RP, Korea finalizing free trade agreement
The Philippines and South Korea are drafting a framework of agreement for the proposed free trade area in time for the visit of South Korean President Roh Moo-hyun to the Philippines in December this year.
Japan, China, S. Korea aim to conclude investment talks in Nov.
Japan, China and South Korea agreed Friday they will aim to conclude in late November talks to explore a trilateral legal framework for investment, as they failed to do so during the latest meeting in Tokyo, Japanese officials said.
S. Korean envoy to US pledges efforts for FTA
Seoul and Washington need to begin talks on a free trade agreement (FTA) as soon as possible, Lee Tae-sik, South Korea’s new ambassador to the United States, said in Seoul Wednesday.
PM approves trade pact talks with South Korea
With a view to further promoting India’s global engagement through regional trading arrangement, Indian Prime Minister Manmohan Singh today gave the green signal for starting negotiations with South Korea for signing a Comprehensive Economic Partnership Agreement (CEPA).
S. Korea, Canada to hold second round of free trade talks
South Korea and Canada will begin their second round of formal talks on a bilateral free trade agreement (FTA) on Tuesday, the Ministry of Foreign Affairs and Trade said Monday.
South Korea mulls clearing way to free-trade pact with US
South Korea will seriously consider resolving trade issues with the United States that are dampening efforts to forge a free-trade agreement, South Korean Deputy Prime Minister Han Duck-Soo said Friday.
Be cautious about foreign capital
I don’t know that the result of the recent FTAs’ will be a tragedy because the end is quite open. But we should not deny the new version of the Korea-U.S. BIT. The 2004 BIT is included unchanged in the American FTA text.
AMCHAM urges Seoul to start FTA talks soon
The US business community in Korea Wednesday expressed its collective hope to launch free trade agreement (FTA) negotiations between South Korea and the U.S. within this year, noting increasing interest in forming such a trade pact among US policymakers.
US presses S. Korea on issues blocking FTA negotiations
The US Trade Representative (USTR), raising doubts about South Korea’s commitment to a bilateral free trade agreement, pressed the Asian trading partner Tuesday to be "unambiguous" in supporting it.
Seoul gingerly courts trade pacts
Seoul is trying to adopt a more flexible approach to deeper international economic ties after the very public and very intense domestic brawl over the ratification of a free trade agreement with Chile.
S. Korea, EFTA initial free trade accord
South Korea and the European Free Trade Association (EFTA) initialed a free trade agreement (FTA) on Tuesday, a deal that should give domestic companies a beachhead in the European market, the Ministry of Foreign Affairs and Trade said.
Significant progress made in Seoul-ASEAN FTA talks
South Korea and the Association of Southeast Asian Nations (ASEAN) have made substantial progress in their negotiations on a free trade agreement, the Foreign Ministry said Sunday.
Korea-ASEAN FTA talks in final stage
South Korea is expected to conclude free trade agreement (FTA) negotiations with the Association of South East Asian Nations (ASEAN) within the year as the fifth round of FTA talks between the two sides have shown significant progress, according to the Ministry of Foreign Affairs and Trade on Sunday.
South Korea, Mexico to push for limited trade talks
South Korea and Mexico have agreed to discuss a limited economic cooperation after failing to open talks on a free trade agreement, Seoul’s presidential office and foreign ministry said on Saturday.