Korea


The government of South Korea has concluded, or is pursuing negotiations for, a number of bilateral free trade and investment agreements. Korean social movements have been mobilizing in opposition to these ever since the Korea-Chile FTA was proposed. So far, South Korea has signed deals with Chile (2004), EFTA (2004), Singapore (2005), ASEAN (2007) the US (2007, ratified in 2011), Peru (2011) and Turkey (2012). Talks are under way with Canada, China, Mexico, India, the EU and, technically speaking, Japan. Negotiations with Colombia have stalled over Colombia’s demands for access for better terms for its fruit and flower exports than what Korea gives Chile and Peru. Seoul is also looking to open discussions with Mercosur, Malaysia, Mexico and possibly Israel.

last update: May 2012
Photo: Joe Mabel / CC BY-SA 3.0


South Korea farmers begin fresh protests against rice market liberalization
Farmers are demanding a Rice Tariff Law and also want the government to exclude rice from all future Free Trade Agreements (FTA).
KITA releases FTA report in English
The Institute for International Trade, a think tank under the Korea International Trade Association, released a report in English on Korea’s free trade agreement policies, processes and communication strategies between governments and private businesses.
Ecuador urges Korea to begin trade negotiations
Ecuadorian Foreign Minister Ricardo Patino Thursday urged Korea to take steps toward a comprehensive economic partnership agreement with his country as soon as possible.
S.Korea announces new free trade deal with Turkey
South Korea and Turkey have paved the way for a new free trade deal covering the service and investment sectors, according to Seoul’s trade ministry on Monday.
Korea-Colombia free trade agreement excludes rice and rice related products, says USDA Post
USDA Post reports that South Korea's National Assembly has ratified the Korea-Colombia Free Trade Agreement, but the FTA excludes rice and other rice related products.
Colombia thrilled about Korea FTA
Colombia is set to gain a foothold in East Asia after a free trade agreement is signed with Korea.
Korea continues to push for more free trade deals
Those for -- and against -- the government's initiative to sign more free trade deals continue to lock horns and its still unclear whether the government's on-going FTA negotiations will help or harm the Korean economy.
Korea & India to upgrade CEPA, revise tax treaty
Korean President Park and Indian Prime Minister Manmohan Singh have decided to quickly upgrade the Korea-India Comprehensive Economic Partnership Agreement, or CEPA, so that it covers not only goods, but also investments and services.
Seoul affirms interest in joining TPP, but says China deal comes first
South Korea’s Trade Ministry made clear Monday that the country will prioritize bilateral free trade negotiations with China this year over the multilateral Trans-Pacific Partnership
Korea and Myanmar sign investment guarantee treaty
The governments of Myanmar and Korea have signed an investment guarantee agreement to protect companies like POSCO and Daewoo International operating in Burma.

Referenced sites

Korean People's Action against FTA and WTO (KoPA)

KoPA is a coalition of around 50 NGOs, social movement organizations, political parties, peasant organizations and trade unions working, among other things, ...