Korea


Trade group urges early implementation of FTAs with U.S., EU
A local trade group urged the government Monday to quickly implement the country's free trade agreements (FTAs) with the United States and the European Union, saying the country is still far behind the global average in terms of FTA-generated trade.
S. Korea, China, Japan agree on earlier conclusion of joint study on FTA
Top trade officials from South Korea, China and Japan agreed Sunday to conclude a joint study on the feasibility of a trilateral free trade agreement (FTA) at an earlier date, South Korean officials said.
Parties argue over how to help EU-FTA transition
The government and the ruling Grand National Party are at odds over how to minimize the damage that the pending free trade deal with the European Union would inflict on the domestic livestock farm business.
Locke to lead delegation to Seoul to promote Korea FTA's passage: Commerce Dept.
U.S. Commerce Secretary Gary Locke will lead a bipartisan congressional delegation to Seoul next week to build support for the ratification of the pending free trade deal with South Korea, the Commerce Department said Friday.
Busy days as Korea-EU trade agreement nears
The history of the British Chamber of Commerce in Korea, or the BCCK, dates back to 1977 when seven British businessmen began holding regular meetings to discuss issues about promoting business in Korea.
US business sees trade deals approved by July
A new U.S. deal with Colombia to address longstanding labor concerns should clear the way for Congress to pass three long-stalled free trade agreements by July, industry officials said on Friday.
"Trade minister to be held responsible for EU FTA fiasco"
Korean Trade Minister Kim Jong-hoon, who is considered his government’s leading trade expert, is on the brink of resignation over translation errors in the Korean version of the Korea-European free trade agreement.
In India, Japanese are the rivals
Korean companies should be prepared for fierce competition with Japanese rivals in India following New Delhi’s signing of a free trade agreement with Tokyo, a local trade body said yesterday.
Farmers Union opposes trade agreement
National Farmers Union President Roger Johnson said March 16 that the organization’s decision to oppose the South Korea-U.S. free trade agreement primarily was based on the group’s longstanding views rather than the failure of the Office of the U.S. Trade Representative to send a speaker to its recent convention in San Antonio, but a USTR spokeswoman said that USTR regrets any confusion surrounding Farmers Union’s request for a speaker.
Korea-EU FTA stuck in faulty translation loop
The Korean Ministry of Foreign Affairs and Trade admitted that the second translation of the Korea-EU FTA contained a considerable number of fresh errors and agreed to submit a corrected version again.