ISDS Case Map
Korea
Korea's labor market is emerging as a hot-button issue in the South Korea-US free trade agreement (FTA). If the US Congress and other stakeholders continue to request to add or modify some labor provisions in the agreement, it could prompt South Korea to lose support for the deal at home because domestic business circles may oppose the request.
Although this FTA is poised to reshape the landscape of South Korea and become the United States' second largest trade deal after NAFTA, Americans have heard virtually nothing about it.
The nation's culture industry is gearing up for the repercussions of the free trade agreement (FTA) signed with the United States, and each sector is preparing damage control for possible side effects from the pact.
The recent free trade agreement between Korea and the US could help uncork one of the hottest markets in an expanding Asian frontier: quality foodstuffs and wine.
The Ministry of Education and Human Resources Development has asked provincial education offices to prevent the Korean Teachers and Education Workers Union from teaching classes against the recently concluded Korea-US free trade agreement. The teachers' union has been conducting anti-FTA classes since March 26 and posted anti-FTA class materials on its homepage.
The United States may have to renegotiate labor and possibly other provisions in its free trade agreement (FTA) with South Korea, a senior official said Wednesday. A South Korean official had said Tuesday that Seoul considers the labor chapter of the agreement closed.
South Korea has been reluctant to rush into an FTA with China amid fears that cheap food could flood the domestic market. But South Korean officials said they would now consider starting free trade talks with China, after Seoul and Washington sealed a trade agreement last week.
With US beef import tariffs to be relaxed, Korean beef farmers watch prices drop
India and South Korea have concluded the sixth round of negotiations on their proposed free trade agreement. Meanwhile, the second round of talks between India and Japan on their proposed comprehensive economic partnership agreement started in Tokyo today.
Sunkist has long urged the United States government to undertake an FTA with Korea to reduce its tariffs on US citrus. Mike Wootton, Sunkist senior vice president of corporate relations, was in Seoul, in constant consultations with US negotiators, during the final two-week session as citrus issues were tabled.
