ISDS Case Map
Korea
The Korean government was ordered to pay about 73 billion won to an Iranian investor who filed an investor-state lawsuit, claiming that he suffered losses in the process of participating in an auction for Daewoo Electronics in 2010.
The South Korean government and Elliott Management next week will enter negotiation for an out-of-court settlement over the U.S. activist fund’s $670 million damage claim for the former administration’s interference in the 2015 merger between Samsung units.
The Republic of Korea (RoK) and the Philippines have agreed to further expand economic cooperation and work together for an early conclusion of the Regional Comprehensive Economic Partnership (RCEP).
The Korea Institute for Industrial Economics & Trade (KIET) said in its report that the KORUS FTA is rapidly losing its positive effects in terms of South Korea’s car exports to the United States.
South Korea and the South American trade block Mercosur agreed to begin formal negotiations for a trade deal in the latter half of this year.
The four-country Pacific Alliance consists of Chile, Colombia, Mexico, and Peru. The coalition aims to achieve the goal, launched nearly a year ago, of conferring a new associate member status to Australia, Canada, New Zealand, and Singapore.
An official at Seoul's Ministry of Trade, Industry and Energy said the government will actively push for new free trade deals to expand its trade relations with emerging markets.
Elliott Associates is demanding more than $670 million in compensation from the government for losses and damages it claims to have suffered regarding the merger of Samsung C&T and Cheil Industries in 2015.
The South Korean government will decide on its participation in the Trans-Pacific Partnership (TPP) within this year, Minister of Trade, Industry and Energy Paik Un-gyu was quoted as saying on May 9 by Japanese newspapers.
Premier Li Keqiang says three nations should speed up free-trade talks, as Beijing also seeks to maintain influence on Korean peninsula.
