South Korean utility Korea Western Power Company (Kowepo) has begun arbitration proceedings against India for not honoring a fuel supply commitment to a gas-based power plant that it part-owns in western India
Swiss elevator maker, Schindler Group, has officially filed for an investor state dispute settlement against the Korean government seeking US$300 million in compensation for losses over its approval of paid-in capital increase of Hyundai Elevator
South Korea’s trade ministry said Friday it has submitted a bill on ratifying the revised free trade agreement with the United States to parliament, the final domestic procedure needed for its implementation.
There are few fundamental changes to the existing agreement, which Mr. Trump has blamed for hundreds of thousands of lost American jobs.
EU-Mercosur latest negotiation round remained complex as first round of Korea-Mercosur trade talks focused on goods, services, investment, public procurement, and e-commerce.
As released by the Ministry of Commerce, China
South Korea and the South American trade block Mercosur will launch their formal trade negotiations in Uruguay.
US President Donald Trump said that a revised trade deal between the US and South Korea may be signed later on the sidelines of the UN General Assembly.
South Korea will collect public opinions on the recently revised free trade agreement with the United States before sending it to the parliament for approval.
As released by the Korean Ministry of Trade, Industry and Energy
Indonesian President Joko Widodo and visiting Prime Minister of South Korea Lee Nak-yeon met at the State Palace on Monday, calling for acceleration of the Regional Comprehensive Economic Partnership (RCEP).
The South Korean government has decided to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). It is now mulling over when to sign it.
A revised free trade agreement between South Korea and the US is reportedly in jeopardy after President Donald Trump threatened to impose heavy tariffs on auto and auto parts imports.
This is the fourth ISDS dispute this year in which the South Korean government is embroiled.
A free trade agreement between South Korea and Turkey expands to the services sector and investment from Wednesday, raising more business opportunities for Korean contents and builders in the transcontinental country.
Schindler filed a notice of intent for arbitration on July 11. Under the ISD procedure, if the issue is not resolved through settlement in 90 days, the investor can take the case to the international tribunal.
Thailand, Indonesia, Columbia, South Korea and Taiwan are seen as willing to join the revised TPP. Britain has also shown interest.
US-based hedge fund Elliott Associates has officially filed for an investor-state dispute settlement against the South Korean government seeking $770 million in compensation for the merger between two Samsung Group affiliates.
India and South Korea have agreed to reduce tariffs on 11 items as part of the on-going negotiations for upgrading the existing Comprehensive Economic Partnership Agreement.
South Korea and the United States are expected to sign the revised KORUS FTA in September 2018.