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Korea

The government of South Korea has concluded, or is pursuing negotiations for, a number of bilateral free trade and investment agreements. Korean social movements have been mobilizing in opposition to these ever since the Korea-Chile FTA was proposed. So far, South Korea has signed deals with Chile (2004), EFTA (2004), Singapore (2005), ASEAN (2007) the US (2007, ratified in 2011), Peru (2011) and Turkey (2012). Talks are under way with Canada, China, Mexico, India, the EU and, technically speaking, Japan. Negotiations with Colombia have stalled over Colombia’s demands for access for better terms for its fruit and flower exports than what Korea gives Chile and Peru. Seoul is also looking to open discussions with Mercosur, Malaysia, Mexico and possibly Israel.

last update: May 2012


S. Korea, Indonesia vow to ink FTA amid virus pandemic
South Korea and Indonesia agreed to quickly implement it in a way that helps minimize the economic fallout from the new coronavirus pandemic.
South Korea aims for environmental leadership through green free trade agreements
South Korea has been especially keen to present an image of itself as an environmental leader to the global community.
S. Korea, Uzbekistan discuss launching joint study on bilateral FTA
South Korea held a video conference with Uzbekistan to exchange details on their push to launch a joint study on forging a bilateral free trade agreement.
S. Korea, Uzbekistan discuss launching joint study on bilateral FTA
South Korea held a video conference with Uzbekistan to exchange details on their push to launch a joint study on forging a bilateral free trade agreement.
Seoul, Moscow hold FTA talks for service sector
South Korea launched another round of trade talks with Russia to flesh out details on the two country’s pending free trade agreement (FTA) in the service and investment segments.
S. Korea eyes further economic cooperation with India
Consider India as the key partner of the country’s New Southern policy, South Korea need to further beef up the economic cooperation.
S. Korea, Mercosur bloc hold 5th round of FTA talks
South Korea held the fifth round of free trade talks with a group of South American countries, including Brazil, with a goal of striking the deal this year.
Farm goods trade deficit likely to widen on FTAs: report
South Korea’s trade deficit in the agricultural segment is expected to widen this year as imports of farm goods are set to expand at a faster pace than exports on the back of the country’s free trade agreement (FTA) networks.
S. Korea, Panama hold policy consultations on bilateral ties, trade
South Korea signed the FTA with Panama and the four Central American countries — Honduras, Nicaragua, Costa Rica and El Salvador — which have already finished the domestic procedures for the agreement.
S. Korea vows to bolster economic cooperation with Russia, Mongolia
South Korea plans to bolster economic ties with Russia, Mongolia and other Central Asian nations and use the momentum to buttress recovery of the export-driven economy.