Korea


Exports to EU dwindle 12% after FTA
Korea's exports to the EU dwindled 12% since the Korea-EU FTA went into effect one year ago, while imports grew 13%.
Korea, Colombia conclude free trade deal
The leaders of Korea and Colombia announced early Tuesday morning that the two countries had finished the negotiations for a free trade agreement.
Korea & Chile agree to upgrade FTA to new level
The two countries have decided to expand cooperation to various fields, such as education, culture and renewable energy, through an enhanced trade pact.
Korea, Canada agree to resume free trade negotiations
Korean President Lee Myung-bak and Canadian Prime Minister Stephen Harper have agreed to re-open negotiations for a bilateral free trade agreement within this year.
'Don’t blame FTA for Korean cars’ popularity in EU'
Korea’s auto trade group refuted Wednesday European carmakers’ allegation that the free trade agreement between Korea and the European Union solely contributed to a sharp rise in Korean car sales in Europe.
SKorea wants dedicated FTA with Malaysia: Muhyiddin
South Korea has proposed to Malaysia to have a dedicated free trade agreement (FTA) with that country, Deputy Prime Minister Tan Sri Muhyiddin Yassin said today.
Imported whisky prices rise despite EU FTA
Retail prices of imported whisky from Europe have not dropped but climbed in the local market despite the Korea-EU Free Trade Agreement which took effect in July 1, 2011, according to Korea's antitrust regulator.
Prices of whisky imported from EU much inflated
Domestic prices of whisky imported from the European Union (EU) are five times more than their import costs despite last year's implementation of a bilateral free trade deal that cut tariffs, a consumer advocacy group said Sunday.
Lone Star is back in town, armed with the investor-state dispute system

In a May 31 press release, the US private equity fund Lone Star said it was planning to request investor state dispute (ISD) arbitration for losses suffered due to "unlawful" interference by the South Korean government.

Analysis: The free trade pact that's costing crude buyers
Buried in the small print of an obscure trade agreement between Europe and South Korea is a clause which is costing oil consumers around the world money.