Even big Korean conglomerates may feel the blow if Seoul and Tokyo ink a free trade agreement, according to a report by the Korea Institute for International Economic Policy.
Korean culture and entertainment industries will suffer considerable damage from a Korea-US free trade agreement (FTA), a local think tank warned Friday.
Once tariffs are removed under a putative free-trade agreement with the US, Korea's domestic fishing industry could lose between W51.1 billion (US$51 million) and W84.9 billion (US$87 million).
Although Thailand and South Korea are different in terms of development, people in both countries share a common demand for the protection of their right to affordable medicines and treatment.
The Indian government said it is looking at the possibility of Free Trade Agreements with a host of nations including Japan, China and Korea, with a view to increase India's trade with the Asian countries.
With Korea-US Free Trade Agreement (FTA) talks scheduled to start in May, representatives from US industries bombarded the US government with their own wishes for a Korea-US FTA, asking the government to open the Korean service market and eliminate market regulations.
Parliament is due to discuss a free-trade accord between Switzerland and South Korea - the latest such deal aimed at liberalising economic ties abroad.
South Korea should call on the United States to remove protection for its shipping industry and lower tariffs on textile and clothing imports in order to counter Washington's demands at the upcoming free trade talks, a state-run think tank said Thursday.