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Korea


S. Korea’s FTA with 5 Central American nations partially takes effect on Oct. 1
South Korea’s free trade agreement with five Central American countries becomes partially effective on 1 Oct, putting the country on path to enjoy near tariff-free access to markets across the Latin and South American map.
S. Korea wins int’l arbitration against Korean-American in property dispute
The South Korean government has won an international arbitration in a suit a Korean-American individual filed over expropriation of land in a redevelopment project.
Seoul, Moscow to hold 2nd round of FTA negotiations on service sector
South Korea’s trade ministry said Monday it plans to hold the second round of FTA negotiations with Russia in the service and investment segments, in line with the government’s efforts to deepen bilateral economic ties.
S. Korea, Russia to form joint investment fund, accelerate FTA talks
The two nations agreed to speed up free trade negotiations in the service and investment sectors with a goal of striking the deal in 2020.
Chile, Korea to update FTA
Chile and Korea trade links are based on bilateral free trade agreement and now dedicated to its updating.
Honduras-Korea free trade deal to take effect in October
A free trade agreement (FTA) between Honduras and Korea will take effect on Oct. 1 — the latest in gradual yet consistent developments in bilateral relations after they were established in 1962.
Indonesia, South Korea link up amid ‘turbulent’ economic pressures
President Joko “Jokowi” Widodo’s aggressive efforts to lure more foreign direct investment (FDI) ahead has been warmly met by South Korea.
US files illegal fishing complaint against S.Korea under free trade pact
US authorities for the first time filed a complaint against South Korea under environmental rules of the free trade pact between Seoul and Washington, over illegal fishing.
US hedge fund dispute with South Korea heads to arbitration
An international arbitration panel will hold hearings next month in the United States in a case filed by two New York-based hedge funds against the South Korean government over a 2015 Samsung merger.
RI looks to bolster ties with S. Korea, US through comprehensive trade agreements
The Indonesian government looks to hike trade with South Korea and the United States as it aims to complete a long-gestating trade agreement with the former and discuss a closer partnership with the latter.
Indonesia eyes October to conclude CEPA negotiations with South Korea
Indonesia is targeting substantial conclusion to negotiations on the draft of the Comprehensive Economic Partnership Agreement (CEPA) with South Korea in October 2019, Trade Minister Enggartiasto Lukita stated.
South Korea and Russia to work on FTA in goods sector
South Korean Economy and Finance Minister Hong Nam-ki said that the South Korean government would work on a free trade agreement with Russia in the goods sector as well as investment and service.
The other trade war—Japan vs South Korea
Japan imposed export restrictions on three key chemical materials upon which South Korea is highly dependent for the production of semiconductors. With other actions, that were viewed by South Korea as a “declaration of economic war”.
Rajnath Singh to urge Seoul to stay away from CPEC
For defence minister Rajnath Singh, the immediate tasks at hand include blocking Korean funds from flowing into Pakistan.
S. Korea, Malaysia to hold 3rd round of FTA talks this week
South Korea will hold a third round of free trade talks with Malaysia this week with the aim of striking a trade deal before November, Seoul’s trade ministry said Tuesday.
FTA with Britain is being pushed by ministry
The free trade agreement with Britain should be completed before the country’s scheduled exit from the European Union, said Korean Ministry of Trade, Industry and Energy.
Korea-Asean special summit to focus on expanding trade
Korea government called for the expansion of trade with Asean states, especially in light of the global rise of protectionist policies and trade wars, not to mention Korea’s recent tensions with Japan.
China could play mediator role to help resolve Japan-South Korea trade friction
Tensions between Japan and South Korea have been escalating since July 1. Japan has since placed restrictions on three chemicals critical to South Korea’s tech industry. Uncertainty exists within ongoing negotiations for the Regional Comprehensive Economic Partnership (RCEP).
Nicaragua confirms agreement with South Korea
Nicaragua is the first Central American country to establish a date of entry into force of the Free Trade Agreement (FTA) with South Korea, which is agreed for October 1, 2019.
Administrative enforcement of IP: Lessons of KORUS for RCEP
KORUS grants a power to the customs authorities to suspend release of suspected counterfeit or pirated goods into free circulation when a right holder requests to do so with “adequate evidence”.