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Korea


S. Korea ready to sign trade deal; PHL working on internal approval
The Department of Trade and Industry (DTI) said South Korea has declared its readiness to sign a free trade agreement (FTA) with the Philippines, which is still working on domestic approval processes which could take two months.
India asking for renegotiation of FTAs with Japan, S.Korea -trade minister
India has asked Japan and South Korea to renegotiate their free-trade agreements (FTAs) with the South Asian nation to make it “more balanced and equitable”, India’s trade minister said amid a widening trade gap with the countries.
Korea files appeal against ruling to compensate Elliott
Korea has filed a suit asking a court in Britain to cancel an order by an international tribunal to pay nearly $108 million (136 billion won) to U.S.-based hedge fund Elliott Investment Management.
New round of US-led IPEF talks kicks off in Korea
A new round of official negotiations for the U.S.-led Indo-Pacific Economic Framework (IPEF) has begun in Korea’s southeastern port city of Busan.
Lula says Mercosur eyeing fresh trade deals, increased regional commerce
Brazilian President wants the Mercosur trade bloc to advance in talks for deals with Canada, South Korea and Singapore, while aiming to increase commerce with other countries in Latin America and Asia.
Massive payout: South Korea slapped with $108.5 million penalty for Samsung merger
South Korea has been ordered by the International Centre for Settlement of Investment Disputes to compensate hedge fund Elliott approximately $108.5 million concerning the 2015 merger of two Samsung subsidiaries.
Korea seeks digital trade pact with EU
Korea will push to clinch a bilateral pact on digital trade with the European Union to facilitate trade in the digital realm and to enhance industry cooperation, the industry ministry said.
Philippines-South Korea FTA signing feasible this year
The signing of a free trade agreement (FTA) between the Philippines and South Korea is still feasible this year, according to Trade Secretary Alfredo Pascual.
S. Korea calls for non-discriminatory application of EU acts
South Korea called on the European Union to ensure its new acts on batteries, critical minerals and net-zero goals are not discriminatory against foreign companies, as the two sides seek to enhance trade and industry ties, Seoul’s industry ministry said.
South Korea joins DEPA as first non-founding partner
South Korea has officially acceded to the Digital Economy Partnership Agreement, becoming the first member country outside of its founding partners, Seoul’s Trade Ministry said.
Korea to restart FTA revision talks with Chile after two-year hiatus
The negotiations will cover all areas of the two nations’ FTA, including goods, cooperation, trade facilitation, intellectual property rights, gender equality, labor, and the environment.
S. Korea, Georgia share consensus on seeking economic partnership agreement
South Korea and Georgia shared the consensus on seeking an economic partnership agreement (EPA) to boost bilateral ties, the finance ministry said.
Top diplomats of S. Korea, Mexico discuss resumption of FTA talks, closer ties
The top diplomats of South Korea and Mexico held talks to discuss the resumption of a bilateral free trade agreement negotiation.
Int’l tribunal reduces damages S. Korea owes to Lone Star by 600 mln won: ministry
An international tribunal has accepted the South Korean government’s request and reduced the damages it has to pay to the U.S. private equity firm Lone Star Funds by about US$450 million, the justice ministry said
S. Korea, Serbia reach tentative deal on bilateral investment treaty
South Korea and Serbia have reached a tentative deal to sign a bilateral investment treaty aimed at promoting mutual investments between the two countries.
Upgraded ASEAN-Korea Free Trade Agreement in pipeline
ASEAN is currently in the process of upgrading its existing free trade agreement with dialogue partner South Korea, according to Satvinder Singh, the deputy secretary-general for ASEAN Economic Community.
S. Korea, Dominican Republic sign bilateral trade promotion agreement
South Korea will make efforts to sign a free trade agreement for a greater market opening and economic cooperation.
EU’s green regulations drive ’reasonable’ demand amid global decarbonization: German biz lobby chief
The CEO of the Korean-German Chamber of Commerce and Industry, also called for Seoul and Brussels to launch the renegotiation process for the Korea-EU free trade agreement to reflect changes in green regulations.
Korea, Ecuador begin new round of talks for bilateral trade deal
Korea and Ecuador began their ninth round of talks on the establishment of a bilateral free trade deal.
Philippines, South Korea free trade deal in final stages
The free trade agreement between the Philippines and South Korea is in the final stages, the Philippine Department of Trade and Industry said on Tuesday.