ISDS Case Map
Korea
A potential free trade agreement with Korea is being seen as the start of what could become a key economic partnership.
A South Korean parliamentary report says that some of the clauses of a free trade agreement with the United States -- National Assembly's right to dictate taxable items and tax rates -- may be unconstitutional.
Negotiated on the sidelines of the US-Korea FTA, in March 2007.
A South Korean lawmaker has locked himself inside a parliamentary committee room to try to block moves to ratify a free trade deal with the United States
A scheduled parliamentary discussion on the ratification of a South Korea-US free trade deal was called off Monday as members of the Democratic Labour Party blockaded the meeting venue. Meanwhile, the head of the Korean Confederation of Trade Unions -- a militant labor umbrella group -- left for a trip to the United States Monday, vowing to nullify the motion in cooperation with US labor groups.
The Japanese government hopes to reopen free trade negotiations with South Korea that have been stalled for over three years due to differences between the two sides, a Japanese newspaper said Friday.
The South Korean government is attempting to pass the Korea-US FTA bill in an extraordinary national assembly session starting 28 January and lasting one month
Under EU-suggested rules, a product would be considered as coming from a trading partner only when at least 60 percent of the value of the finished item is added in that country. South Korean negotiators want the ratio to be lowered to 40 percent, as a number of manufacturers in the country outsource many components from neighboring countries such as China to cut costs.
In a party caucus on Tuesday, Korea's Grand National Party floor leader Ahn Sang-soo called on lawmakers to ratify the free trade agreement with the US by secret ballot if necessary.
South Korea will ratchet up efforts to resolve a beef trade spat with the United States as early as possible in order to help a free trade deal signed last year between the two countries win parliamentary approval, officials said Friday.
