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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
Photo: Joe Mabel / CC BY-SA 3.0


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.
Korean govt to enter 3rd trade talks with Mercosur nations this week
The South Korean government will initiate the third trade agreement (TA) talks with four member nations of South American trade bloc Mercosur on Friday (local time) in Montevideo, Uruguay, to seek ways to increase exports to the countries.
S. Korea to hold 2nd round of talks on revising FTA with Chile
South Korea will hold the second round of negotiations with Chile on revising their bilateral free trade agreement that went into effect in 2004.
South Korea and Malaysia to conclude FTA this year
The South Korean and Malaysian governments declared the initiation of bilateral FTA negotiations on June 27 and will be going to complete the negotiations by November this year.
South Korea and Russia initiate FTA talks in service and investment sectors
South Korea and Russia initiated the two sides’ FTA negotiations in service and investment in Moscow on June 20.
PH, SKorea launch FTA talks
mproved economic relation is seen between the Philippines and South Korea as the two countries formally signed on Monday an agreement to begin negotiations on free trade deal.