Korea


Korea asks Lone Star to reimburse legal costs after winning annulment in investor dispute
The justice ministry has sent a letter to Lone Star requesting the private equity fund to reimburse legal costs incurred during an investor-state dispute settlement over the 2012 sale of a local bank.
Thailand accelerates FTA talks with EFTA, EU and South Korea to cut reliance on US exports
Thailand is fast-tracking FTAs with EFTA, the EU and South Korea to reduce dependence on US exports after tariff hikes, aiming to expand new markets and boost GDP
Lone Star rejects ICSID annulment, eyes new arbitration
Lone Star said it does not accept this week’s annulment ruling by the International Centre for Settlement of Investment Disputes, signaling that it could pursue a new round of arbitration against the Korean government.
S. Korea wins annulment in investor dispute over Lone Star's sale of local bank
An international arbitration body for investor–state dispute settlement has ruled in favor of South Korea in its challenge to the award for private equity fund Lone Star over its 2012 sale of a local bank.
(Yonhap Interview) Africa eyes closer economic ties with S. Korea in auto, tech sectors: AfCFTA chief
Africa has the potential to become a strategic partner for South Korea in the car manufacturing and tech industries, with its abundant critical mineral resources, and push for industrialization and digitalization of the continent, the head of the region's free trade bloc said Tuesday.
Seoul calls for steps to protect Korean firms against new EU trade regulations in FTA meeting
Korea has urged the European Union to protect Korean businesses during the 13th Committee on Trade in Goods meeting in Seoul, advocating for a fair solution amid the EU’s proposed stricter steel safeguards.
Factbox-US, South Korea release details of trade deal
The two countries released a joint fact sheet on the summit meeting last month between US President Donald Trump and South Korean President Lee Jae Myung.
Korean court prepares to enforce ICSID award, Lone Star faces 316 billion won damages
Korean court set to implement ICSID compensation order, lone star may owe roughly 316.5 billion won plus interest.
Korea, UK set for final push on upgraded free trade pact
South Korea and the United Kingdom are set to begin talks next week to finalize an upgraded Free Trade Agreement (FTA), focusing on business-friendly rules of origin and digital trade standards.
Trump announces trade breakthrough with South Korea
US President Donald Trump and South Korean President Lee Jae Myung finalized details of their fraught trade deal at a summit in South Korea.