New York-based hedge fund Mason Capital Management has filed a legal claim seeking at least $175 million from the South Korean government as compensation for damages it says it sustained from a 2015 merger of two Samsung Group affiliates.
South Korea and China will hold the second round of talks to expand the scope of their bilateral free trade agreement later to better cover the service and investment sectors.
South Korea and Russia will soon launch negotiations for their first free trade agreement , South Korean President Moon Jae-in said.
Argentine President Mauricio Macri and Uruguayan counterpart Tabare Vazquez agreed that the Mercosur bloc should pursue trade accords with Asian countries and Canada.
Many think that infrastructure in North Korea is in a dilapidated state, but data from the US Central Intelligence Agency (CIA) tells a different story and one that indicates that North Korea’s economic potential may have been underestimated.
The Korean government was ordered to pay about 73 billion won to an Iranian investor who filed an investor-state lawsuit, claiming that he suffered losses in the process of participating in an auction for Daewoo Electronics in 2010.
The South Korean government and Elliott Management next week will enter negotiation for an out-of-court settlement over the U.S. activist fund’s $670 million damage claim for the former administration’s interference in the 2015 merger between Samsung units.
The Republic of Korea (RoK) and the Philippines have agreed to further expand economic cooperation and work together for an early conclusion of the Regional Comprehensive Economic Partnership (RCEP).
The Korea Institute for Industrial Economics & Trade (KIET) said in its report that the KORUS FTA is rapidly losing its positive effects in terms of South Korea’s car exports to the United States.
South Korea and the South American trade block Mercosur agreed to begin formal negotiations for a trade deal in the latter half of this year.
The four-country Pacific Alliance consists of Chile, Colombia, Mexico, and Peru. The coalition aims to achieve the goal, launched nearly a year ago, of conferring a new associate member status to Australia, Canada, New Zealand, and Singapore.
An official at Seoul’s Ministry of Trade, Industry and Energy said the government will actively push for new free trade deals to expand its trade relations with emerging markets.
Elliott Associates is demanding more than $670 million in compensation from the government for losses and damages it claims to have suffered regarding the merger of Samsung C&T and Cheil Industries in 2015.
The South Korean government will decide on its participation in the Trans-Pacific Partnership (TPP) within this year, Minister of Trade, Industry and Energy Paik Un-gyu was quoted as saying on May 9 by Japanese newspapers.
Premier Li Keqiang says three nations should speed up free-trade talks, as Beijing also seeks to maintain influence on Korean peninsula.
At the top of President Recep Tayyip Erdoğan’s agenda during his upcoming visit to South Korea on May 2-3 will be investments and cooperation in the defense industry, South Korean Ambassador to Turkey Choi Hong-ghi has said.
The Singapore meeting is significant, for several participants in RCEP are keen to wrap up the negotiations quickly, especially since the negotiations have gone well beyond the original deadline of end-2015.
China and South Korea are seeking to establish free trade agreements with Mercosur in a strategic response to Washington’s increasingly protectionist stance.
South Korea and the United States have made progress on the final details of a revised free trade agreement before a formal signing after they agreed in principle on major issues last month, Seoul’s commerce minister said Monday.
Deals are being finalized with South Korea, Vietnam, India, China and Eurasian Customs Union.