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.
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.
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.
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 and Korea trade links are based on bilateral free trade agreement and now dedicated to its updating.
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.
President Joko “Jokowi” Widodo’s aggressive efforts to lure more foreign direct investment (FDI) ahead has been warmly met by South Korea.
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.
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.
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 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 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.
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”.
For defence minister Rajnath Singh, the immediate tasks at hand include blocking Korean funds from flowing into Pakistan.
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.
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 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.
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 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.
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”.