Korea


Biggest US free trade legislation since 1994 eases protectionist concern
The U.S. Congress approved free-trade agreements with South Korea, Colombia and Panama, bringing an end to years of stalemate and offering what supporters said was the biggest opportunity for exporters in decades.
Lee invited to address US Congress
President Lee Myung-bak’s upcoming state visit to the United States is expected to receive a warmer reception than ever before ahead of the impending endorsement of a free trade agreement (KORUS FTA) between the two countries.
BOFT warns about local impact of US-South Korea FTA
Taiwanese industries must prepare themselves for the impact of an upcoming free-trade agreement (FTA) between the US and South Korea, which might hurt local business opportunities in the US market, the Bureau of Foreign Trade (BOFT) said.
Trade pacts set for heated fight
The AFL-CIO, the nation's largest labor federation, opposes all three agreements and will hold a Capitol Hill demonstration Tuesday to protest them. But the short timeline mapped out for passage gives opponents little time to block the deals.
Retailers to hold nationwide rally against FTA
The Korea Federation of Retail Organizations plans to hold a nationwide rally at the end of this month to call for protection measures related to the free trade pacts with the European Union and the United States.
Korea-US FTA to cause large reduction of farm production
The implementation of the signed free trade agreement (FTA) with the United States will likely cause billions of dollars in damages to South Korea's farming industry, a government report showed Tuesday.
US cheese companies prepare to infiltrate Korea
As Korea and the U.S. await the approval of their respective legislatures on a Free Trade Agreement, around 30 members of the US Dairy Export Council came to Korea to study and tap this promising market this week.
Kia closely watching free-trade debate
Kia spent $150,000 in the first quarter of this year to lobby members of the US House and Senate on matters that included the Korea-US free-trade agreement, according to federal lobbying records.
US Senate removes biggest hurdle to FTA ratification
The U.S. Senate has approved the Trade Adjustment Assistance (TAA), a worker training program that has been the largest stumbling block to the ratification of the bilateral free trade agreement with Korea.
Rival parties clash again over KORUS FTA
The ruling Grand National Party (GNP) and the main opposition Democratic Party (DP) clashed again Monday over when to ratify the pending Korea-U.S. free trade agreement (KORUS FTA) on the first day of the 20-day annual inspection of state affairs.