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”.
One of the main purposes of the US in bilateral negotiation is to level up the enforcement of IPRs, especially enhanced enforcement provisions that the US sought but failed in achieving at the TRIPS negotiation.
The provisions for civil enforcement are to ensure to the maximum extent the economic interests of IP holders. For the full compensation for them, KORUS intervenes the way to calculate the amount of damages.
Soon after the signing of the Korea-US FTA (“KORUS”) in June 2007, South Korea experienced a dramatic increase of complaints of copyright crime from 2007.
The Philippines and South Korea are poised to conclude a bilateral free-trade agreement (FTA) one month ahead of the November target, as both parties are making significant progress in market access negotiations.
The official statement from the RCEP Ministerial Meeting held on August 2-3 said the RCEP talks “must keep the momentum towards concluding negotiations within the year.” But actual progress of the negotiations is slow.
Reportedly, Berjaya, Malaysian investor initiated ISDS dispute against South Korea.