ISDS Case Map
Korea
The opposition Democratic United Party appears set to scuttle the Korea-U.S. Free Trade Agreement by any means. The DUP will ask the U.S. president and Congress to suspend the implementation of the KORUS FTA, and go as far as to ``break” it if the liberal party wins in a presidential election in December.
Deliberations to ink a free trade agreement (FTA) with Turkey will “soon” conclude successfully, South Korean President Lee Myung-bak told reporters in İstanbul on Saturday, signaling that talks which have been ongoing for almost two years between the two countries will finally yield fruit.
Rice and key condiments such as garlic and sesame are expected to be excluded from free trade agreement (FTA) talks with China, which are set to start soon.
Korea's agriculture market is expected to be flooded with fresh farm products from China, that are much cheaper than domestically-produced fruits and vegetables, says Zheng Hwan-woo, research fellow Korea Int'l Trade Association
The two dynamic economies of Asia, China and South Korea, have been enjoying close economic ties since 1992, when the two countries established diplomatic ties.
The newly elected Supreme Council of Korea's main opposition Democratic United Party pledged to fully repeal the disputed Korea-US Free Trade Agreement.
Australian beef exports are in danger being put at long-term disadvantage against US competitors in the Korean market unless rapid progress can be made in Free Trade Agreement discussions in coming months.
Following former trade minister Kim Hyun-jong, another former diplomat who played a key role in negotiations over the Korea-US Free Trade Agreement (KORUS FTA) has gone to work for Samsung. The Ministry of Foreign Affairs and Trade (MOFAT) stated on Sunday that 45-year-old Kim Won-gyeong, an economic adviser at the Korean Embassy to the United States, had submitted his resignation ahead of the regular February reshuffle. Though it has been reported that Kim will go to work as a director for Samsung Electronics America, a Samsung Electronics official said that talks were still in progress and nothing had been confirmed.
The Korea-EU Free Trade Agreement (FTA) came into effect on July 1 2011. As a result, a number of acts that directly relate to intellectual property have been amended.
Damage to Korea's farming industry from a free trade agreement (FTA) with China may reach up to $2.8 billion, reports said Thursday, urging the Seoul government to be cautious in its FTA negotiations with China.
