As the host of ongoing free trade talks with the United States, the South Korean island of Jeju appealed on Monday for Washington's negotiators to exclude oranges from a bilateral trade pact that is being planned.
South Koreans took to the streets Sunday against a proposed free-trade agreement with the United States, a day before the start of a new round of negotiations that have made few breakthroughs and face a looming deadline.
South Korea tried to cut a deal with the United States to break the stalemate over their bilateral free trade agreement (FTA) talks but an internal dispute nixed the attempt.
The Korean National Police Agency has stepped up security for the nation's free trade talks with the United States, sending 10,000 police officers to fend off protesters at the meeting venue on Cheju Island.
A Korea-US Free Trade Agreement (FTA) for pharmaceuticals is likely to speed up in the fourth round of the FTA talks, which will begin place Monday on Cheju Island.
“Protection of US investors comes with the provision of a nuclear umbrella for Korea,” the chief policymaker of Korea's ruling Uri Party said yesterday
A proposed free trade agreement with the United States is expected to cost as much as 1 trillion won (US$1.2 billion) in damage to the South Korean pharmaceutical industry if the US proposal for the deal is accepted, the South Korean government said.
More than 3,000 South Korean farmers and activists plan to hold peaceful demonstrations next week to protest against a fourth round of free trade talks with the United States, organizers said Monday.
South Korea plans to introduce special safeguard measures to protect local companies from import surges that may occur once its free trade pact with the Association of Southeast Asian Nations (ASEAN) goes into effect, the government said Monday.