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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


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.
Seoul, Moscow to hold 3rd round of FTA talks on service sector
South Korea said it plans to hold the 3rd round of FTA negotiations with Russia in the service and investment segments this week, as the country endeavors to diversify its trade portfolio amid protectionism.
S. Korean investment agreements allow paper companies to request international arbitration
South Korea has concluded no fewer than 99 investment agreements that allows paper companies to take advantage of investor-state dispute system.
Korea in FTA talks with Asian, South American powerhouses
South Korea has secured 16 free trade partners — 12 countries and four trade blocs — around the globe since it started pursuing bilateral free trade agreements two decades ago.
S. Korea eyes more FTAs with emerging countries in 2020
South Korea said it plans to expand its global network of free-trade agreements in 2020 by establishing deeper ties with emerging countries.