Korea


S. Korea to submit application for CPTPP in April: finance minister
South Korea will push to submit an official application to join a mega Asia-Pacific free trade agreement in April.
South Korea to adopt RCEP tariff rates starting from February 1
China's Ministry of Finance on Thursday announced that South Korea will adopt the favorable tariff rates of the RCEP trade pact starting from February 1, as the country has finished ratification of the deal.
US allows S. Korea to pay compensation to Iranian investor over ISDS ruling
In June 2018, the ICSID ordered Korea to pay the Dayyani family about US$63 million, but the payment has not been made due to US sanctions on Iran.
S. Korea, India to resume talks on upgrading trade pact next month
South Korea and India have agreed to resume negotiations to upgrade their bilateral trade pact next month after more than two years of hiatus, Seoul's trade ministry said.
India, South Korea to discuss market access issues on Tuesday
India will take up concerns regarding the market access impediments and non-tariff barriers faced by Indian exporters with South Korea on Tuesday, a statement by the commerce and industry ministry said.
Cambodian parliament ratifies bilateral FTA with S. Korea
The National Assembly of Cambodia on Wednesday ratified the bilateral free trade agreement between Cambodia and South Korea.
S. Korea, Uzbekistan to hold summit on trade, supply chains
The two leaders will reaffirm their strong commitment to advancing negotiations on a bilateral trade agreement. Uzbekistan is rich in natural resources such as copper and tungsten.
Singapore and South Korea conclude negotiations on digital economy agreement
Singapore and South Korea have concluded negotiations on the Korea-Singapore Digital Partnership Agreement (KSDPA), establishing forward looking digital trade rules and norms to promote interoperability between digital systems.
The Minister of Trade ensures that RCEP and IK-CEPA are effective January 1, 2022
The Minister of Trade (Minister of Trade) Muhammad Lutfi confirmed that the Regional Comprehensive Economic Partnership (RCEP) will take effect January 1, 2022.
Korea is taking the plunge on the CPTPP
Korea is taking the first steps to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a multilateral free trade agreement involving 11 other nations.