ISDS Case Map
Korea
South Korea's government has paid US$54 million to US hedge fund Mason Capital following an investor-state dispute settlement (ISDS) ruling.
South Korean Finance Minister Koo Yun-cheol said he would seek a mutually beneficial trade deal when he meets U.S. Treasury Secretary Scott Bessent for talks this week, just days before an August 1 deadline expires to avoid punishing tariffs.
The South Korean government has decided not to use further opening of the country's beef and rice markets as bargaining chips in tariff negotiations with the United States, setting them as a "red line," sources said.
Korea and Thailand were set to kick off their intersessional negotiations for a bilateral economic partnership agreement, as the two sides seek to expand economic ties amid global trade uncertainties, Seoul's industry ministry said.
"US apples are very cheap. We can't compete with them," said Shim Chun-taek, a third-generation farmer who has been growing apples for two decades.
South Korea won its latest appeal in its dispute with US hedge fund Elliott over the 2015 merger of two affiliates of Samsung, shortly after the electronics group's Chairman Jay Y. Lee was cleared by South Korea's top court.
Farmers here are vehemently protesting the government’s ongoing negotiations with the United States over tariffs, as the nation’s top negotiator hinted at reducing barriers to agricultural imports.
South Korea’s trade minister indicated a potential for an "in-principle" trade agreement with the US, signaling willingness to enhance access to its sensitive agriculture and livestock markets as part of a broader strategic judgment.
Bangladesh now gears up drives for striking free-trade deals, with negotiations underway with a couple of countries, as the country prepares for post-graduation trade sans tariff concessions.
Korea and Britain commenced the fifth round of follow-up negotiations in Seoul to upgrade their FTA. The talks, running through the week, focus on enhancing trade by easing product origin regulations and introducing new rules involving supply chains, digital trade, services, investment, and government procurement.
