The Korean government has already promised to the US to revise some of the laws. Cases in point are the fair trade law and the labor law. It will also have to rewrite Korea's copyright act and patent regulations, and revise domestic law on taxation and real estate.
Thousands of farmers, workers and progressive lawmakers gathered Tuesday afternoon in downtown Seoul to protest ongoing free trade talks between South Korea and the United States, threatening to march to the site of the negotiations despite police warnings.
Civic groups and labor unions staged a series of rallies against the Korea-U.S. free trade agreement (FTA) as new round of FTA talks opened Monday. The anti-FTA groups estimated at about 2 million people will also have a large-scale protest at downtown Seoul on Tuesday.
Nine progressive lawmakers went on a hunger strike Monday against the free trade talks between Seoul and Washington as the two sides began the sixth round of the negotiations.
South Korea and the US have "tentatively" scheduled one more round of free trade talks for February, South Korean officials said Saturday, an indication that they may be unable to wrap up the deal in the upcoming round.
Apparently upset by the US refusal to address its key demand for easing anti-dumping rules, South Korea said Friday it will refuse formal discussion of automobile and other issues of US concern at the upcoming free trade talks between the two countries.
South Korea's agriculture minister confirmed Friday that his government will not open its rice market under a proposed free trade agreement with the United States.
South Korea and India will exchange initial offers on tariff reduction levels at the bilateral comprehensive economic partnership agreement (CEPA) meeting in India this week.
Despite the government yesterday ruling out the possibility of opening the Oriental medicine market in ongoing free trade talks with the United States, Korea's doctors are still planning to stage protests.