ISDS Case Map
Korea
Should the claims be accepted, the amount the South Korean government has to pay to Lone Star would be reduced to a little over 216 million U.S. dollars.
South Korea and Mercosur held their seventh round of free trade negotiations in September last year, but little progress has been reported since then.
Korean Prime Minister Han Duck-soo held talks with Chilean President Gabriel Boric on Tuesday and agreed to resume negotiations this year to upgrade a bilateral free trade agreement that went into effect in 2004.
South Korea has spent nearly 68.5 billion won ($48.1 million) in total to fight and settle investor-state dispute settlements since 2013,#including its battle with US-based private equity firm Lone Star, data showed.
The Philippines is eyeing the entry into force of a free trade agreement (FTA) with South Korea next year, with the bilateral pact seen benefiting local banana and processed pineapple exporters in the form of reduced tariffs.
The Embassy of the Republic of Korea confirmed on Sunday that the Cambodia-Korea Free Trade Agreement will enter into force on December 1, 2022.
The South Korean government is found to have spent nearly $40 million in litigation expenses for its decade-long legal dispute against US private equity firm Lone Star Funds.
A free trade agreement between Israel and South Korea will go into effect on Dec. 1, Israel's Economy Ministry said, in a move expected to lower the prices of Korean-made cars, toys, video game consoles and soy sauce.
Korea's National Assembly on Tuesday ratified a respective free trade agreement with Israel and Cambodia, wrapping up the final domestic procedure needed for their implementation.
Korea's National Assembly ratified a respective free trade agreement (FTA) with Israel and Cambodia, wrapping up the final domestic procedure needed for their implementation.
