ISDS Case Map
Korea
Korea's top trade official said yesterday renegotiation of a free trade agreement with the United States would not be sensible, rejecting possible demand to amend the deal by the new administration of President-elect Barack Obama.
Thomas Donohue, the head of the U.S. Chamber of Commerce, said during his visit to Seoul yesterday there would be no “renegotiation” of the free trade agreement with Korea, while there could be some “adjustments” regarding the controversial auto issue.
South Korea and Japan will hold working-level discussions on resuming their negotiations on free trade agreement (FTA) while working closely to overcome the worldwide financial crisis now threatening both their economies, Yonhap News reported quoting Seoul's presidential office of Cheong Wa Dae Monday.
Microsoft has called for the incoming Barack Obama administration to push ahead with ratification of the pending free trade deal with Korea, saying it "establishes a foothold for the US in Asia."
The government will speed up negotiations with the European Union to clinch a free trade deal with an aim to implement the agreement in January next year.
Microsoft has called for the incoming Barack Obama administration to push ahead with ratification of the pending free trade deal with Korea.
Opposition lawmakers ended their 12-day siege of South Korea's parliament Tuesday after blocking -- for now -- a US free trade deal and other legislation.
Lawmakers of the governing party in Korea are expected to ratify the Korea-US free trade agreement (KORUS FTA) motion and railroad 85 contentious bills today after last-minute negotiations with the opposition failed as of midnight Tuesday.
The head of South Korea's parliament ordered opposition legislators Monday to end their sit-in by midnight so major bills can be passed, warning them not to force him to take "extreme measures."
Call it the free trade follies. South Korean opposition politicians last week used a sledgehammer to try and force their way into a barricaded committee room to stop the ruling party from introducing debate on a free trade agreement with the United States. Fire extinguishers were used amid the melee -- it's not entirely clear by whom -- that threw South Korea's National Assembly into chaos.
