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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


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.
Korea expresses desire to sign FTA with Pakistan
Republic of Korea Suh Sangpyo has expressed his desire to sign a Free Trade Agreement (FTA) with Pakistan, saying that a FTA is essential for the promotion of bilateral trade.
S. Korea, Mercosur bloc hold 6th round of FTA talks
South Korea on Tuesday held the sixth round of free trade talks with a group of South American countries, after around a year of hiatus amid the COVID-19 pandemic.
South Korea becomes first Asian country to sign free trade agreement with Israel
Israel and South Korea signed a free trade agreement (FTA) earlier this week, which is expected to increase trade between the countries to more than $3 billion.
S. Korea seeks to join DEPA, promote digital trade
South Korea held a public hearing on its bid to join a global pact on the digital trade sector that covers a wider array of issues beyond conventional free trade agreements.
S. Korea, Israel ink FTA; cars, auto parts among major beneficiaries
South Korea is the first Asian country to have a free trade pact with Israel, which is expected to help Asia’s No. 4 economy enjoy advantages over other neighbors, including China and Japan.
South Korea-Israel FTA set for signing
Israel and South Korea are poised to sign a long-delayed free trade agreement (FTA) next week, sources close to the matter have informed Globes.