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Korea

The government of South Korea has concluded, or is pursuing negotiations for, a number of bilateral free trade and investment agreements. Korean social movements have been mobilizing in opposition to these ever since the Korea-Chile FTA was proposed. So far, South Korea has signed deals with Chile (2004), EFTA (2004), Singapore (2005), ASEAN (2007) the US (2007, ratified in 2011), Peru (2011) and Turkey (2012). Talks are under way with Canada, China, Mexico, India, the EU and, technically speaking, Japan. Negotiations with Colombia have stalled over Colombia’s demands for access for better terms for its fruit and flower exports than what Korea gives Chile and Peru. Seoul is also looking to open discussions with Mercosur, Malaysia, Mexico and possibly Israel.

last update: May 2012
Photo: Joe Mabel / CC BY-SA 3.0


S. Korea to expand FTAs with more emerging countries in S.E. Asia, Latin America
South Korea said it plans to implement or launch negotiations for a set of new FTAs with trading counterparts from Southeast Asia and Latin America this year, as part of efforts to reduce its reliance on major economies.
South Korea preparing to join Digital Economy Partnership Agreement
South Korean Trade Minister saying that South Korea would make an official announcement this month on its accession to the Digital Economy Partnership Agreement.
Korea eyes resumption of new FTA with group of Arab nations
South Korea’s trade ministry said Monday it aims to resume talks for a new free trade agreement with the Gulf Cooperation Council (GCC) to forge deeper economic ties with the Middle East after a hiatus of more than 10 years.
Free trade agreement with South Korea may be signed next month
A long-awaited trade deal with South Korea may be signed next month, according to the country’s ambassador to Cambodia.
S. Korea kicks off 7th round of free trade talks with Mercosur
South Korea said it has launched a new round of negotiations to clinch a free trade agreement with Mercosur, South America’s leading trading bloc, as it aims to further expand its export portfolio.
S. Korea seeks to resume FTA negotiations with Mexico
South Korea’s trade ministry said it wishes to resume free trade agreement (FTA) negotiations with Mexico in the near future as it aims to forge closer ties with the top economic partner in Central America.
South Korea/Mercosur round of trade talks at the end of the month
South Korea wants to advance with trade negotiations with Mercosur. Discussions started back in 2018 and at the end of the month, a seventh-round is slated to take place.
S. Korea, Uzbekistan eye closer economic ties
South Korea’s trade ministry said Thursday it plans to expand economic ties with Uzbekistan by launching new projects in a wide array of areas from ICT to the medical sector, as the COVID-19 pandemic has recently weighed down bilateral business cooperation.
Chilean foreign minister proposes to upgrade FTA
Chilean Foreign Affairs Minister Andres Allamand visited Korea to discuss upgrading the Korea-Chile free trade agreement as well as other cooperative measures ahead of the 60th anniversary of the establishment of diplomatic ties in April 2022.
S. Korea to lift tariffs on imports from Indonesia, Israel under trade deals
South Korea will gradually lift or lower tariffs on more than 95 percent of its imported products from Indonesia and Israel as it has clinched trade deals with the two nations, the finance ministry said Tuesday.