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Korea

Mongolian PM voices high expectations for economic deal with South Korea
16-Jan-2018 Yonhap News Agency
Mongolian Prime Minister Ukhnaa Khurelsukh has expressed strong expectations for a possible economic deal with South Korea, in the latest push to boost bilateral trade and investment. Both the countries, in year 2016 began talks on a bilateral economic partnership agreement, which is similar to a free trade deal and focuses on the industrial and investment sectors.
Bumpy road ahead for S. Korea-US FTA renegotiation: senior official
15-Jan-2018 Yonhap
A bumpy road lies ahead for the renegotiation of the free trade deal between South Korea and the United States, a Korean senior trade official said.
Lawyers ask for prompt decision on Lone Star case
9-Jan-2018 Korea Times
Lawyers for a Democratic Society sent a letter to the International Center for Settlement of Investment Disputes, demanding a speedy settlement of the dispute between the Korean government and the U.S. buyout fund Lone Star Funds.
Auto becomes top priority in KORUS FTA talks
9-Jan-2018 Yonhap News Agency
There are no tariffs levied on South Korean auto parts shipped to the US which gives local carmakers to use any component while assembling. Local automakers have expressed concerns that any changes to the rules of origin could compel them to import and use parts they don’t really need and hurt local parts manufacturers.
South Korea on alert for ’US bullying’ during trade talks
5-Jan-2018 CNBC
Seoul, wary of giving into US demands, will seek to limit the number of overall concessions.
S. Korea to hold hearing on follow-up FTA talks with China
4-Jan-2018 Yonhap News Agency
In December 2017, the trade and industry ministers of South Korea agreed to expedite negotiations to expand the two countries’ two-year-old free trade agreement to include the service and investment sectors.
Seoul, Washington to kick off FTA talks next week
2-Jan-2018 Korea Herald
South Korea and the United States are to start the first round of negotiations to amend their bilateral Free Trade Agreement on Jan. 5 in Washington.
India, South Korea may hold joint IPRs through trade pact
2-Jan-2018 Economic Times
South Korean and India plan to jointly hold intellectual property rights (IPRs) in areas of manufacturing, energy and healthcare, as part of the negotiations for the bilateral trade agreement that the two countries recently reviewed
KORUS FTA negotiations likely to be partial revision rather than complete overhaul
19-Dec-2017 Hankyoreh
South Korean Trade Minister expects the US to ask for liberalization of the agriculture and livestock sectors.
S. Korea, India to hold talks on trade deal improvement
19-Dec-2017 Yonhap
South Korea and India will hold a new round of talks on the improvement of a bilateral trade deal.
Korea to protect agro products in FTA renegotiation
18-Dec-2017 Korea Times
The government will protect sensitive industries such as agriculture in the upcoming negotiation with the United States over revision of the bilateral trade pact.
More tariff cuts under Korea-Australia FTA
15-Dec-2017 Dynamic Export
This will be the fifth round of KAFTA tariff cuts since the agreement entered into force on December 12, 2014.
KORUS FTA having negative impact on South Korean agriculture
12-Dec-2017 Hankyoreh
The damage to the overall agricultural sector during the five years since the KORUS FTA took effect has been “broad and deep” across nearly all products.
S. Korea, Britain to hold talks over post-Brexit trade deal
11-Dec-2017 Yonhap
Trade officials of South Korea and Britain will meet to discuss ways to forge a new trade deal after London exits from the European Union, Seoul’s trade ministry.
Turkey, South Korea look to capitalize on free trade agreement, boost service trade
7-Dec-2017 Daily Sabah
Turkish and South Korean announced the completion of the approval processes for the Free Trade Agreement. The approval processes of the Service Trade Agreement will also be completed soon, they also stated.
S. Korea, Turkey review implementation of FTA
5-Dec-2017 Yonhap
South Korea and Turkey reviewed the implementation of a bilateral free trade agreement and discussed ways to reduce non-tariff barriers
Agriculture remains hot button issue at 2nd FTA public hearing
1-Dec-2017 Korea Herald
Some representatives of the farming sectors urged the Seoul government to refuse Washington’s demands to further open up the market.
Korea seeks to expand free trade networks
29-Nov-2017 Korea Herald
South Korea needs a balanced and sophisticated strategy to cope with efforts by China and Japan to take the lead in building a free trade framework for Asia and the Pacific amid the US’ strengthening protectionism, experts say.
South Korea and China to discuss liberalizing service and investment sectors
29-Nov-2017 Hankyoreh
Two years after the South Korea-China FTA took effect, the two countries are expected to launch a second round of negotiations to further open up the service and investment sectors.
S. Korea, Uruguay to push for trade agreement between Korea, Mercosur
28-Nov-2017 Yonhap
South Korea and Uruguay have agreed to jointly push for a trade agreement between South Korea and Mercosur.