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Korea

Trump’s imposition of trade barriers rendering the KORUS FTA obsolete
15-Mar-2018 Hankyoreh
“Trump’s unilateral imposition of import restrictions on South Korean products is revealing the vulnerabilities of the KORUS-FTA, which has accomplished absolutely nothing. At the time of the negotiations in 2007, the agreement to open markets to a great extent to the US’s massive economic bloc was both advantageous to South Korean exports because of the size of the American market but also made it possible for the US to push us around because of its asymmetric strength. Trump’s actions are showing the limitations of that, says expert.
South Korea, US to hold third round of FTA talks this week
14-Mar-2018 Yonhap News Agency
South Korea and the United States will hold the third round of talks on amending the free trade agreement (FTA) between the two nations in Washington this week, Seoul’s trade ministry said on Wednesday.
South Korea considers joining revamped Pacific trade deal CPTPP
13-Mar-2018 The Straits Times
South Korea needs to move faster to join a Pacific trade deal signed by 11 regional nations last week without the presence of the United States says experts.
South Korea, Israel to hold 6th round of FTA talks
12-Mar-2018 Yonhap News Agency
South Korea and Israel are set to hold a sixth round of free trade agreement (FTA) talks aimed at boosting bilateral economic exchanges and investment, the government said today.
S. Korea will negotiate US steel tariffs during FTA talks: minister
9-Mar-2018 Yonhap
South Korea will negotiate with the United States over proposed tariffs on imported steel in upcoming negotiations to amend the bilateral free trade agreement to help minimize its impact on the Korean steel industry.
India, Korea for early conclusion of CEPA review
28-Feb-2018 India Today
India and Korea has committed to early conclusion of the review of the free trade agreement between the two nations with a view to intensifying bilateral economic cooperation.
Korea signs FTA with Central America
22-Feb-2018 Korea Times
Le traité commercial a officiellement été signé entre le ministre délégué au Commerce extérieur Kim Hyun-chong et les représentants du Costa Rica, du Salvador, du Honduras, du Nicaragua et du Panama.
Trade issues between South Korea and US threaten to scuttle KORUS FTA negotiations
21-Feb-2018 Hankyoreh
The emergence of a number of trade issues involving South Korea and the US – including a plan being mulled over by the US to slap tariffs on South Korean steel and GM Korea’s threat to close a factory in South Korea – is creating uncertainty about the future of the Korea-US Free Trade Agreement (KORUS FTA), just before the third round of negotiations aimed at revising the agreement.
S. Korea, five central American countries to discuss cooperation
19-Feb-2018 Yonhap
The officials will likely discuss the impact that the trade agreement could have on their economic and business relations.
Moon sees Korea-US FTA as unfair deal: Cheong Wa Dae
19-Feb-2018 Yonhap
The president believes the Korea-US FTA is unfair largely in that the FTA precedes all other laws in South Korea, but in the US, federal law comes before the FTA
South Korea to seek investor protection measures in FTA talks with China
12-Feb-2018 Yonhap News Agency
South Korea’s trade ministry said Monday it will seek ways to better protect investor rights from arbitrary regulations when holding talks with China to expand the scope of the two countries’ free trade agreement (FTA) to the service and investment sector.
Second round of Korea- US FTA talks
7-Feb-2018 KBS World Radio
After the grueling negotiations, South Korean Trade Minister Kim Hyun-chong said that the two sides engaged in intense discussions and there is still a long way to go. Here is Professor Chung In-gyo from the International Trade Department at Inha University to examine the latest FTA talks between South Korea and the US.
Korea, US wrap up 2nd round of FTA talks
1-Feb-2018 Korea Times
Negotiators from South Korea and the United States failed to narrow differences over key trade issues in their second round of talks to amend the countries’ bilateral free trade pact.
S. Korea raises safeguard issue in 2nd FTA talks with US
31-Jan-2018 Yonhap
South Korea raised trade remedy issues during the second round of talks to amend its free trade agreement with the United States in response to Washington’s slapping steep safeguard tariffs on washers and solar panels.
Mongolia to push for trade ties with S.Korea
31-Jan-2018 Global Times
Mongolian Prime Minister expressed strong expectations for an economic partnership agreement with South Korea.
Free trade – not turf rows – tipped to top China, Japan, South Korea summit agenda
30-Jan-2018 South China Morning Post
The leaders of three of Asia’s biggest economies will aim to advance a free-trade agreement and economic cooperation, putting territorial rows and military tensions aside at an expected trilateral summit in April, Chinese diplomatic observers said.
Talks on Asean gold import ban today
29-Jan-2018 The Economic Times
The ban was effected over complaints by bullion traders. Unscrupulous traders were misusing the FTA to import bullion in the guise of jewellery. The trade bodies are willing to promote trade and manufacturing through FTA or similar agreements, but not at the cost of local manufacturers and workers prospects.
Korea, US to hold 2nd round of FTA renegotiation talks next week
26-Jan-2018 Yonhap
The two-day talks come days after US President Donald Trump again denounced the free trade deal as "a disaster" for the US, claiming the deal cost 200,000 American jobs.
Mongolian PM voices high expectations for economic deal with South Korea
16-Jan-2018 Yonhap News Agency
Mongolian Prime Minister Ukhnaa Khurelsukh has expressed strong expectations for a possible economic deal with South Korea, in the latest push to boost bilateral trade and investment. Both the countries, in year 2016 began talks on a bilateral economic partnership agreement, which is similar to a free trade deal and focuses on the industrial and investment sectors.
Bumpy road ahead for S. Korea-US FTA renegotiation: senior official
15-Jan-2018 Yonhap
A bumpy road lies ahead for the renegotiation of the free trade deal between South Korea and the United States, a Korean senior trade official said.