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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


Korea ratifies free trade deals with Israel, Cambodia
Korea’s National Assembly ratified a respective free trade agreement (FTA) with Israel and Cambodia, wrapping up the final domestic procedure needed for their implementation.
S. Korea, Ecuador hold new round of talks for bilateral trade deal
South Korea and Ecuador began a seventh round of talks on the formation of a bilateral free trade deal, the trade ministry here said.
Korea on alert over 6 more investor-state suits following Lone Star ruling
The total amount of claims asked by claimants against the Korean government exceeds $1.2 billion.
S. Korea, Ecuador to resume official talks for trade deal in 6 years
South Korea and Ecuador will resume official talks on the formation of a bilateral free trade deal Monday after a six-year hiatus, Seoul’s trade ministry said.
Kingdom calls on South Korea to hurry with FTA procedures
Phnom Penh has asked Seoul to complete its internal procedures as soon as possible for the bilateral Cambodia-Korea Free Trade Agreement to enter into force, which will stimulate trade between the two countries to “another level”, according to a commerce ministry spokesman.
Korea pushes for trade pacts with Middle East amid geopolitical shift
Korea seeks stronger presence in the region as tensions between Israel and Arab countries thaw.
S. Korea calls for quick ratification of trade deal with Indonesia
South Korea asked Indonesia to quickly ratify their trade deal as they seek to strengthen cooperation on supply chains and other economic issues.
Mexico wants a trade agreement with South Korea
The Mexican government is advancing its foreign trade agenda and will also negotiate a trade agreement with Korea because currently, 80% of Korean products enter Mexico without paying tariffs, while Mexican agricultural products pay up to 800% tariffs to enter the Korean market.
South Korea’s incoming government considers joining US economic pact
South Korea is "positively considering" joining an Indo-Pacific economic pact planned by the United States, a government official said.
Israel ratifies free trade agreement with South Korea
Israel is accelerating efforts to sign free trade agreements with East Asian economic powers and Israel’s vehicle market is likely to benefit from this over the coming months.