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Korea


FTA deals a wild card: farmers
To the delight of free traders and the apprehension of Korean farmers and other globalization foes, the United States and Korea announced Thursday that they would begin negotiations on a free trade agreement.
Outlook Hopeful as Trade Talks Begin
Kim Hyun-jong, Korea’s trade minister of the Ministry of Foreign Affairs and Trade, and Robert Portman, the United States Trade Representative, declared the start of preliminary ROK-U.S. ROK-U.S. free trade agreement (FTA) negotiations at a joint press conference in the main hall of Capitol Building in Washington D.C. yesterday.
Support free-trade talks with S. Korea
U.S. Trade Representative Rob Portman’s newly announced plan to pursue a sweeping free trade agreement with South Korea is a bold step that, if done fairly, would be a win-win for the two nations, with long-term benefits for our economy.
Semiconductor Industry Association Applauds Launching U.S.-Korea Free Trade Agreement; Agreement Has Potential to Eliminate Trade Barriers
The Semiconductor Industry Association (SIA) today applauded United States Trade Representative Rob Portman for initiating talks with Korea on a Free Trade Agreement.
Hopes and Fears: Haste Should Not Make Waste in Free Trade Talks
The launch of free trade negotiations between Seoul and Washington Friday marks another watershed in the two allies’ overall relationship. Particularly in economic areas, the two countries will almost become one with 90 percent of trade being made without tariffs in a decade. Doubts are still strong about the need for hurrying into a free trade agreement with the world’s largest economy, but the die is cast. This is no longer a matter of whether or not but of how and what kind.
Car, Tech Industries Expected to Gain Most From FTA Deal
Local automobile and information technology (IT) industries are expected to benefit most from the Korea-U.S. free trade agreement (FTA).
Film People Begin Protest Against Screen Quota Cut
Members of the local film industry on Wednesday started their all-night relay rally against the government’s decision to halve the screen quota system.
Pact could mature alliance
The relationship between Korea and the United States until now was a firm security alliance to prevent the spread of communism. The announcement of free trade agreement negotiations is an expression of a will to establish a more developed general alliance, not only in ideology and military on a security level, but also in economic gains.
S. Korea, US announce start of FTA negotiations
South Korea and the United States announced Thursday they will start negotiations for a free trade agreement (FTA). Formal negotiations will begin in May
Farmers break up hearing on US-South Korea FTA
Angry farmers have broken up a public hearing to discuss impending talks between South Korea and the US on establishing a Free Trade Agreement (FTA), officials said.
AmCham wants coalition of film industries
A reduction in the mandatory screening days for domestic films would pave the way for a coalition between the film industries of South Korea and the United States, said Tami Overby, president of the American Chamber of Commerce (AmCham) in Korea, Wednesday.
S. Korea, U.S. preparing for trade talks
South Korea and the United States could announce as early as this week their intention to launch formal negotiations aimed at a free trade accord seen as the biggest for the U.S. since the landmark North American Free Trade Agreement of 1994.
Time running short for FTA, says US biz lobby
Seoul-based American business leaders Wednesday called for more predictability, consistency and transparency in government policies, saying there is an extra mile to go for a business climate that offers global standards.
US businesses in Korea renew call for early FTA
The American Chamber of Commerce in Korea has renewed a call for early conclusion of a free-trade agreement between the U.S. and Korea. AMCHAM president Tami Overby on Wednesday reminded reporters that a congressional authority for the U.S. government to expedite FTAs expires in June 2007 and time is therefore very short.
Korea now plans to expand free trade aggressively
After reaching free trade agreements with relatively small economies such as Chile and Singapore, Korea is looking to expand its horizons as it prepares to launch free trade negotiations with two of the world’s leading economies.
S. Korea-Singapore FTA to take effect in March
South Korea and Singapore agreed to begin implementation of a bilateral free trade agreement (FTA) on March 2, according to South Korean Ministry of Foreign Affairs and Trade on Tuesday.
FTA talks with Washington need firm leadership
Korea has agreed to slash a screen quota reserving time in the theaters for domestic films to 73 days a year as requested by Washington, thus removing the last hurdle to free trade negotiations with the U.S. The government will reportedly announce the start date for the FTA talks early next month.
India for pan-Asian trade agreement
India on Friday expressed its desire for eventually expanding the proposed comprehensive economic cooperation agreement (Ceca) with Asean to a pan-Asian pact covering six more countries including Japan, China, Korea, Australia and New Zealand, aiming at a common economic community in East Asia.
Korea-US FTA talks to start in May
"It is highly likely that the actual formal negotiation between Korea and the U.S. would begin in May, even though the official announcement is to be made in mid-February,’’ Korea International Trade Association (KITA) FTA Team head Jeong Jae-hwa said.
US, Korea inch closer to launch FTA
South Korea inched closer to launching a free trade deal with the United States Thursday after it agreed to reduce restrictions of its domestic film screenings a pivotal blockade in launching negotiations.