Korea


Korean government, Lone Star face off in oral hearings over $216.5M arbitration ruling
Korean government and Lone Star to present final arguments in landmark arbitration case over compensation disputes.
Fourth round of Korea-UK FTA enhancement talks slated for March 10-14 in London
The fourth round of enhancement negotiations for the FTA between South Korea and the United Kingdom is scheduled from March 10 to 14 in London. Following the implementation of a bilateral FTA in 2021, the two countries are now working to update the agreement to reflect new trade norms and deepen economic cooperation, focusing on areas such as trade and gender equality, digital trade, and the bioeconomy.
South Korea, EU finalize digital trade agreement to enhance electronic trade
South Korea's Ministry of Trade, Industry and Energy announced the successful conclusion of negotiations for a Digital Trade Agreement (DTA) with the European Union (EU). Key discussions included market access for Korean beef, French electric vehicle subsidies, and regulations on batteries and steel.
Korea, Thailand hold 4th round of negotiations for Economic Partnership Agreement
The 4th round of EPA negotiations between South Korea and Thailand held in Seoul, focus on 17 areas including trade in goods and services, digital economy, and sustainable development, with the goal of strengthening economic ties in a volatile global trade environment.
Malaysia, RoK resume FTA talks
South Korea and Malaysia are resuming free trade agreement (FTA) negotiations after a five-year pause. The upcoming round of talks will focus on 11 sectors, including goods, services, and investment, as both countries aim to expand trade and strengthen cooperation amidst growing global protectionism.
Korea, Malaysia hold 6th round of free trade talks
Korea has launched the sixth round of negotiations with Malaysia for a bilateral free trade agreement as part of efforts to broaden its trade portfolio and enhance cooperation with the partner country.
Korea, China hold 10th round of FTA talks on investment, service
South Korea and China have resumed talks to expand their existing free trade agreement. The focus of the 10th round of negotiations is to include the service and investment sectors, building upon the initial FTA implemented in 2015.
S. Korea, Pakistan agree to launch economic partnership negotiations
South Korea and Pakistan have agreed to begin negotiations for an Economic Partnership Agreement (EPA) to increase bilateral trade. The EPA, announced during a meeting between trade ministers in Seoul, aims to create a beneficial trade network, focusing on areas like digital technology, IT, and the automobile sector.
BOC, Tariff Commission list articles under PH-Korea free trade agreement
The Philippine Bureau of Customs (BOC) and Tariff Commission (TC) have subsequently released implementing guidelines and updated their online tariff finder to reflect the new tariff schedules. Executive Order No. 80 formalizes the Philippines' tariff commitments under the FTA, subjecting listed goods from South Korea to the specified import duties upon entry.
Pakistan set to ink economic partnership deal with Korea
Federal Minister for Commerce Jam Kamal Khan is set to embark on an official visit to South Korea to sign the Economic Partnership Agreement, marking a significant step towards enhancing bilateral economic cooperation.