On 11:23 am, April 15th, KCTU union member, Bro. Heo Se-Wook, passed away from septicemia as a result of the massive immune system response to the third degree burns all over his body after he attempted to commit suicide by setting himself on fire as an act of resistance against the KORUS FTA on April 1st.
On April 12, Jeon Yun-churl, chairman of the Board of Audit and Inspection, raised questions over the introduction of an investor-state dispute system in the South Korea-U.S. free trade agreement (FTA).
About 100 representatives of more than 800 civic and social organizations opposed to the South Korea-US free trade agreement (FTA) held a meeting in downtown Seoul on April 13, urging the government to hold a national referendum regarding the trade deal and to release information regarding the FTA negotiations, which concluded with a preliminary agreement on April 2.
India's proposed trade pact with South Korea should span all sectors, especially the services and the IT sector so that economic cooperation between the two countries is placed on the fast track, Seoul's former mayor and the country's presidential hopeful Lee Myung Bak, currently visiting New Delhi, said on Thursday.
Korea's labor market is emerging as a hot-button issue in the South Korea-US free trade agreement (FTA). If the US Congress and other stakeholders continue to request to add or modify some labor provisions in the agreement, it could prompt South Korea to lose support for the deal at home because domestic business circles may oppose the request.
Although this FTA is poised to reshape the landscape of South Korea and become the United States' second largest trade deal after NAFTA, Americans have heard virtually nothing about it.
The nation's culture industry is gearing up for the repercussions of the free trade agreement (FTA) signed with the United States, and each sector is preparing damage control for possible side effects from the pact.
The recent free trade agreement between Korea and the US could help uncork one of the hottest markets in an expanding Asian frontier: quality foodstuffs and wine.
The Ministry of Education and Human Resources Development has asked provincial education offices to prevent the Korean Teachers and Education Workers Union from teaching classes against the recently concluded Korea-US free trade agreement. The teachers' union has been conducting anti-FTA classes since March 26 and posted anti-FTA class materials on its homepage.
The United States may have to renegotiate labor and possibly other provisions in its free trade agreement (FTA) with South Korea, a senior official said Wednesday. A South Korean official had said Tuesday that Seoul considers the labor chapter of the agreement closed.