ISDS Case Map
Korea
Mandarin farmers should be worried over KORUS FTA, says JNU professor
A long-delayed free trade deal between the United States and South Korea will go into effect on March 15 following months of technical-level talks, officials said on Tuesday, cheering business groups that have waited years for the day.
The sides are nearing completion of agreement on their trade in goods but yet to sort differences over services and investment.
Democratic Party lawmaker Chung Dong-young and former Trade Minister Kim Jong-hoon had a number of face-offs during the final National Assembly debates just prior to the railroading of the South Korea-United States Free Trade Agreement ratification in October. Now the two men, who battled each other from the two extremes on the KORUS FTA issue, may be facing off once again for Seoul‘s Gangnam-B seat in April’s general election.
South Korea plans to fully consider potential fallout for "sensitive industries" that may be hurt if a free trade agreement (FTA) with China is reached, a senior government policymaker said Friday.
Official procedures are under way toward negotiations for a free trade agreement between South Korea and China. Bilateral talks are expected to start some time around April or May.
The opposition Democratic United Party appears set to scuttle the Korea-U.S. Free Trade Agreement by any means. The DUP will ask the U.S. president and Congress to suspend the implementation of the KORUS FTA, and go as far as to ``break” it if the liberal party wins in a presidential election in December.
Deliberations to ink a free trade agreement (FTA) with Turkey will “soon” conclude successfully, South Korean President Lee Myung-bak told reporters in İstanbul on Saturday, signaling that talks which have been ongoing for almost two years between the two countries will finally yield fruit.
Rice and key condiments such as garlic and sesame are expected to be excluded from free trade agreement (FTA) talks with China, which are set to start soon.
Korea's agriculture market is expected to be flooded with fresh farm products from China, that are much cheaper than domestically-produced fruits and vegetables, says Zheng Hwan-woo, research fellow Korea Int'l Trade Association
