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Korea


S. Korea, EFTA seal free trade accord
South Korea and the European Free Trade Association (EFTA) signed a bilateral free trade agreement (FTA) on Tuesday, a deal that could give domestic companies a beachhead in the European market, the Foreign Affairs and Trade Ministry said.
Deiss seals free trade deal with Seoul
The European Free Trade Association (EFTA), of which Switzerland is a member, has concluded a free trade agreement with South Korea.
CAFTA and Korea: Swift countermeasures needed to cushion impacts
The free trade agreement between China and 10 Southeast Asian Nations taking effect this month poses considerable challenges to Korea. The China-ASEAN FTA, or CAFTA, will form the world’s third-largest trading bloc, following NAFTA and the EU.
Korean exporters brace for ASEAN-China FTA
A gradual reduction in tariffs on manufactured goods between China and ASEAN as their free trade pact goes into effect on July 1 spells trouble for Korean exports.
S Korea blames Japan for trade impasse
Eighteen months of talks over a proposed bilateral trade agreement between Japan and South Korea are on the verge of collapse because Japan’s Agriculture Ministry has blocked meaningful dialogue on trade in farm and marine products, a South Korean diplomat said yesterday.
Beef holds up Korean-Canadian FTA
Canada and Korea have enjoyed decades of positive bilateral relations and the future looks bright except for one major obstacle - beef - that is holding back negotiations for a free trade agreement between the countries.
S. Korea, S. Africa to discuss possible FTA
South Korea and South Africa will hold talks next week in Pretoria to discuss a variety of issues, including the possible signing of a bilateral free trade agreement (FTA), South Korean officials said Thursday.
Thai-Japan FTA talks hit snags
Prospects for Japan signing free trade agreements with Thailand and South Korea are being stymied because the countries remain seriously divided on key industrial and farm sectors, the Nihon Keizai Shimbun reported yesterday quoting diplomatic sources.
FTA talks with Thailand, Korea still divided
Prospects for Japan signing free-trade agreements (FTAs) with Thailand and South Korea are being stymied because the countries remain seriously divided on issues concerning key industrial and farm sectors, diplomatic sources have said.
China, ROK willing to advance FTA process
China and the Republic of Korea (ROK) Friday expressed their positive attitude towards speeding up research about establishing a free trade area (FTA) amid the fast-growth economic ties between the two countries.
Seoul plans safety net for free trade victims
Seoul on Friday decided to support workers and businesses that fall victim to trade liberalization, even as APEC ministers in Jeju pledged to back a formula that would drastically slash tariffs in non-agricultural sectors.
No FTA talks until Seoul resumes beef imports: US
US Trade Representative Rob Portman on Friday said Korea must resume import of U.S. beef and lift a screen quota that disadvantages Hollywood films if it wants to start negotiating a free trade agreement with Washington.
Korea sees progress in FTA talks with EFTA
Korea made progress in talks for inking a free trade agreement with the four countries of the European Free Trade Association, the government said yesterday.
Korea urges Japan to open up
Japan needs to allow South Korean products greater access to its agricultural and fisheries markets in an effort to advance stalled bilateral free-trade agreement (FTA) talks, South Korean Trade Minister Kim Hyun-chong said on Friday.
Korea, Canada agree to launch FTA talks this year
Korea will start free trade agreement negotiations with Canada within this year, the Ministry of Foreign Affairs and Trade said Wednesday.
Korea-Singapore FTA: Bridge to SE Asian markets, cornerstone for services liberalization
The KSFTA was promoted by Korea under two main strategies. One is to use Singapore as a bridge to gain more market access in Southeast Asia and strive further towards regional integration, and the other is to use external ‘stimulus’ from Singapore to “strengthen competitiveness” (restructuring and liberalization) of the services industry.....
Korea, US to discuss FTA in Cheju meeting
South Korea will discuss the possibility of a free trade pact with the United States at the upcoming Asia-Pacific Economic Cooperation (APEC) trade ministers’ meeting.
China urges movement on trilateral FTA
China called on Japan and South Korea on Saturday to expedite a trilateral study on a possible three-way free trade agreement, Japanese officials said.
China floats FTA study group with Korea, Japan
China has proposed a study group to stimulate free trade agreements between Korea, China and Japan bringing together governments, businesses and academics.
AMCHAM to speak for Korean firms in US
The American Chamber of Commerce in Korea, the largest interest group of American companies here, said Tuesday that it will bring issues affecting Korean member companies, including the Korea-US free trade agreement, to the United States government.