ISDS Case Map
Korea
Mongolian Prime Minister Ukhnaa Khurelsukh has expressed strong expectations for a possible economic deal with South Korea, in the latest push to boost bilateral trade and investment. Both the countries, in year 2016 began talks on a bilateral economic partnership agreement, which is similar to a free trade deal and focuses on the industrial and investment sectors.
A bumpy road lies ahead for the renegotiation of the free trade deal between South Korea and the United States, a Korean senior trade official said.
Lone Star was embroiled in two lawsuits at that time, and it was found guilty in one of them, he claims.
Lawyers for a Democratic Society sent a letter to the International Center for Settlement of Investment Disputes, demanding a speedy settlement of the dispute between the Korean government and the U.S. buyout fund Lone Star Funds.
There are no tariffs levied on South Korean auto parts shipped to the US which gives local carmakers to use any component while assembling. Local automakers have expressed concerns that any changes to the rules of origin could compel them to import and use parts they don't really need and hurt local parts manufacturers.
Seoul, wary of giving into US demands, will seek to limit the number of overall concessions.
In December 2017, the trade and industry ministers of South Korea agreed to expedite negotiations to expand the two countries' two-year-old free trade agreement to include the service and investment sectors.
South Korea and the United States are to start the first round of negotiations to amend their bilateral Free Trade Agreement on Jan. 5 in Washington.
South Korean and India plan to jointly hold intellectual property rights (IPRs) in areas of manufacturing, energy and healthcare, as part of the negotiations for the bilateral trade agreement that the two countries recently reviewed
South Korean Trade Minister expects the US to ask for liberalization of the agriculture and livestock sectors.
