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Korea-ASEAN

The government of South Korea and nine members of the Association of South-East Asian Nations (Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, and Vietnam) signed an FTA together in May 2006, which took effect in July 2006.

Due to concerns about agriculture, particularly the deal’s provisions on rice and livestock, Thailand negotiated separate arrangements with the Korean government to join the pact in early 2009. Korea is also interested in a separate, higher level FTA with Malaysia.

last update: May 2012


South Korea and Indonesia reach final agreement on free trade deal
South Korea and Indonesia on Monday wound up seven and a half years of negotiations on a free trade deal, with an agreement to remove tariffs on steel, autos and beer.
Kingdom, South Korea to study FTA feasibility
Cambodia and South Korea have signed a joint feasibility study agreement on a potential free trade agreement (FTA) aiming to expand bilateral investment volume between the two countries.
PH, South Korea see conclusion of free trade deal by 2020
The Philippines and South Korea are aiming to conclude their free trade negotiations by next year in a bid to finally cure the trade and industry imbalances between the two Asian nations.
South Korea, ASEAN to strengthen economic, strategic partnership
The South Korea Ministry of Trade, Industry and Energy’s strategic goals to facilitate cooperation between South Korea and ASEAN countries include expanding free trade agreement (FTA) networks such as the RCEP.
Banana tariffs a sticking point in South Korea free trade deal
Free Trade Agreement (FTA) negotiations with South Korea are currently stalled because Seoul has not budged on key items sought by the Philippine side, particularly on opening up the market for bananas.
South Korea cites smooth sailing FTA discussions with Philippines
Negotiations between the Philippines and South Korea on the planned free trade agreement (FTA) is “smooth sailing”, South Korean Ambassador to the Association of Southeast Asian Nations (Asean) Lim Sung-nam said Wednesday.
S. Korea, Indonesia to hold 10th round of trade talks
South Korea’s trade ministry said plans to hold another round of negotiations with Indonesia on a comprehensive trade agreement, as Asia’s No. 4 economy continues efforts to expand its export portfolio in the Southeast Asian market.
Indonesia, South Korea link up amid ‘turbulent’ economic pressures
President Joko “Jokowi” Widodo’s aggressive efforts to lure more foreign direct investment (FDI) ahead has been warmly met by South Korea.
Indonesia eyes October to conclude CEPA negotiations with South Korea
Indonesia is targeting substantial conclusion to negotiations on the draft of the Comprehensive Economic Partnership Agreement (CEPA) with South Korea in October 2019, Trade Minister Enggartiasto Lukita stated.
S. Korea, Malaysia to hold 3rd round of FTA talks this week
South Korea will hold a third round of free trade talks with Malaysia this week with the aim of striking a trade deal before November, Seoul’s trade ministry said Tuesday.