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Korea


Another FTA issue looms: state-assisted banks
The third round of South Korea-U.S. free trade agreement (FTA) talks will begin September 6 in Seattle, and observers expect Washington to demand that Seoul cease giving aid to certain financial institutions, including government-run banks.
FTA, KORUS FTA and challenges of the labor movement
I am going to provide in this writing laborers’ perspectives towards the KORUS FTA; what lies in its core, why it is so problematic, and what kinds of consequences it will bring about. In addition, although not perfect, I am going to show how the Korean labor movement should respond to the KORUS FTA and deal with its challenges.
Report on future Korean trade deal under fire
Two months after voting for its release, opposition MPs are still waiting for an Industry Canada study outlining the impacts a proposed free trade agreement with the Asian nation would have on Canada’s car manufacturing and ship-building industries.
Farmers plan FTA protests in Seattle
More than 100 South Korean farmers and activists will go to Seattle next week to stage rallies against a free trade agreement (FTA) between Seoul and Washington, a chief organizer told Yonhap News Agency yesterday.
Market opening to hit local fund managers
Local asset management companies are closely monitoring the ongoing free trade agreement (FTA) talks between South Korea and the United States, wary of the latter’s demand for easier access to the domestic fund market.
Korea’s third FTA effective next month
South Korea’s free trade agreement (FTA) with four non-EU members will go into effect next month.
’Caution required for cross-border services’
A financial research institute urged Korea to take a cautious approach in allowing cross-border insurance brokerage services as it would be harder to protect local consumers from potential damages.
Thailand hopes to resume FTA talks with S. Korea before next Asean Summit
Thailand, the sole Asean country yet to sign the grouping’s Free Trade Agreement (FTA) with South Korea, hopes to resume negotiations with Seoul before the Asean Summit in Cebu in December.
US: No plans to begin new trade talks
The United States has no plans to begin new bilateral free trade negotiations with other nations, and will focus on successfully concluding the four it is actively pursuing, Washington’s top trade envoy said Friday.
ASEAN countries accept N. Korean park in free trade deal with S. Korea
ASEAN countries agreed to accept South Korea’s request to recognize some products from a North Korean industrial park as South Korean as part of their plan for a free trade pact, officials here said Thursday.
Korea seeks to keep 288 farm products out of FTA
Korea has asked the US for “exceptional treatment” of 288 agricultural products or 20 percent of 1,452 agricultural items in their planned free trade agreement, a high-ranking government official said Wednesday.
Korea, Thailand- rice issue not resolved
Thailand and South Korea failed Thursday to reach an agreement in negotiations into the issue of rice trade between the two nations, impeding the implementation of a regional trade pact between Southeast Asia and Seoul.
KoA Newletter#2 - KoA - The 3rd Round of Korea-US FTA Talks coming...
The third round of talks over the Korea-U.S. FTA will be held in Seattle in the United States -a famous battleground of the WTO protests in 1999-from 6th to 9th September.
Senators demand US retain tariff on S Korean autos even after FTA
Two US senators proposed a bill demanding the United States retain the existing import tariff on South Korean automobiles regardless of a future trade agreement as a way to pry open the Asian trade partner’s market.
The 3rd round of Korea-US FTA talks coming...
The third round of talks over the Korea-U.S. FTA will be held in Seattle in the United States — a famous battleground of the WTO protests in 1999 — from 6th to 9th September.
35 Uri lawmakers urge Bush to include Kaesong goods in FTA
A group of 35 governing Uri Party lawmakers Tuesday called on US President George W Bush to include products from an inter-Korean industrial park in a free trade agreement (FTA) between South Korea and the US.
US welcomes S Korea’s new drug policy within FTA: Seoul official
South Korea and the United States ended the first of a two-day meeting on pharmaceuticals and medical equipment on Monday, with Washington reiterating its acceptance of Seoul’s new drug policy plan within an envisioned free trade agreement (FTA), South Korean officials said.
US rules out N Korea park in S Korea trade pact
The United States cannot agree to South Korea’s request for a free trade pact between the two countries to include goods made in an industrial park in North Korea. "It won’t happen, can’t happen," US Trade Representative Susan Schwab said Friday.
Europe eager for trade pact with Korea
The European Union is showing eagerness to establish a free trade agreement (FTA) with Korea ahead of the resumption of talks next month, officials of both sides say.
Seoul, Washington exchange initial proposals on tariff cuts for FTA
South Korea and the United States exchanged initial tariff cut proposals for manufactured goods, agricultural products and textiles ahead of their third round of free trade agreement (FTA) negotiations next month, the government said Tuesday.