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
Photo: Joe Mabel / CC BY-SA 3.0
Interview with Ryu Mikyung who is the International Director at the Korean Confederation of Trade Unions.
Russia and South Korea have agreed to speed up the talks about a free trade deal covering services and investment, South Korean Foreign Minister said.
South Korea said its free trade agreement (FTA) with a group of Central American nations will be fully implemented starting next month as Panama completed its domestic procedures.
Cambodia and South Korea on February 3 concluded talks for a bilateral free trade agreement (FTA), which Minister of Commerce Pan Sorasak and his Korean counterpart Yoo Myung-hee plan to sign in mid-2021, setting zero tariffs for a broad range of goods, according to a joint press statement.
South Korea’s trade ministry vowed to make more progress in expanding trade pacts with counterparts from Central and South America this year, in line with its efforts to diversify its export portfolio amid the growing protectionism around the globe.
The leaders of South Korea and Uzbekistan proclaimed the launch of negotiations on a bilateral free trade agreement, as they had a virtual summit Thursday, according to Cheong Wa Dae.
South Korea plans to speed up negotiations on free trade in the investment and services areas with Russia and China, President Moon Jae-in said.
South Korea plans to sign more FTAs down the road to diversify its trade portfolio and ease its heavy dependence on China and the United States, which take up around 40 percent of exports.
South Korea formally inked a comprehensive trade deal with Indonesia, paving the way for local exporters to penetrate deeper into the Southeast Asian market.
Israel and South Korea are set to sign a free trade agreement (FTA) next week, according to Israel’s Foreign Affairs Ministry’s confirmation. The FTA will be signed over Zoom and in the presence of the ambassadors of the two countries and senior government ministers.
KoPA is a coalition of around 50 NGOs, social movement organizations, political parties, peasant organizations and trade unions working, among other things, to stop bilateral and regional free trade agreements and the WTO.