bilaterals.org logo
bilaterals.org logo

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


Chile, Korea to update FTA
Chile and Korea trade links are based on bilateral free trade agreement and now dedicated to its updating.
Honduras-Korea free trade deal to take effect in October
A free trade agreement (FTA) between Honduras and Korea will take effect on Oct. 1 — the latest in gradual yet consistent developments in bilateral relations after they were established in 1962.
US files illegal fishing complaint against S.Korea under free trade pact
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.
South Korea and Russia to work on FTA in goods sector
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.
RCEP negotiations in ’final stages’, should be completed by 2019 or early 2020: Chan Chun Sing
Trade and Industry Minister Chan Chun Sing said that at this point, the RCEP has gone beyond an economic agreement and is a strategic signal to the world’s economy on what countries in this part of the world believe in.
FTA with Britain is being pushed by ministry
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.
Nicaragua confirms agreement with South Korea
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.
Gov’t seeks labor law revisions for parliamentary ratification of key ILO conventions
South Korean government plans to seek a revision of labor laws in a way that will strengthen workers’ right to organize as it pushes for a parliamentary ratification of key international labor standards.
South Korea stipulates exception of settlement goods in trade deal with Tel Aviv
Israel media have revealed that the new South Korea-Israel Free Trade agreement will exclude goods produced in the occupied territories of Jerusalem and West Bank and the Golan Heights.
(2nd LD) S. Korean, Israeli presidents agree to seek early FTA deal
The presidents of South Korea and Israel agreed to push for an early deal in talks on a bilateral free trade agreement (FTA) during a summit in Seoul.