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


Korea-GCC FTA preliminary talks to be held
Korea-GCC FTA preliminary talks will be held on November 21 at Riyadh with a view to initiating FTA negotiations in 2008.
Korea, Kyrgyzstan sign investment pact
Korea and Kyrgyzstan signed a bilateral investment treaty and economic cooperation pact
S. Korean, Japanese business groups to push for resumption of free trade talks
South Korean and Japanese business lobby groups agreed to forge close cooperation to persuade the governments of their countries to resume free trade talks that are suspended over agriculture issues, the Federation of Korean Industries (FKI) said Tuesday.
Mercosur FTA to boost Korea's GDP by 2% - study
A free trade agreement with the South American trade bloc Mercosur could increase Korea's gross domestic product by up to two percent, a study by the two sides has found. The Foreign Ministry said the joint FTA study was adopted at a Korea-Mercosur policy meeting in Montevideo, Uruguay late last month.
Protecting Korean farmers key goal of FTA talks with China
The Ministry of Agriculture and Forestry said Seoul stressed the need to reflect the concerns of local farmers in any future free trade agreement (FTA) with China at preliminary discussions held in Weihai last week.
SKorea, China to start initial free trade talks
South Korea and China will hold a third round of preliminary talks this week on a possible free trade agreement, the foreign ministry said Monday.
Widening inequality: IMF acknowledges downsides of globalization
Korean government officials are trying to downplay concerns by anti-globalization and anti-FTA protesters including farmers that the Korea-US trade deal may lead to subjugation of the Korean economy to the United States. But a recent IMF report says that technology and foreign investment are worsening income inequality around the world.
S. Korea set to speed up efforts for free trade pacts with Latin American nations
South Korea is ready to accelerate its efforts to sign free trade agreements with Mexico and Mercosur, the country's top economic policymaker said Monday.
S. Korea has two-track FTA plan for entering advanced, developing markets: official
South Korea has a two-track free trade promotion plan aimed at winning market access in both advanced and developing economies.
S. Korea, Peru agree to begin FTA discussions
South Korea and Peru agreed to launch discussions on forming a bilateral free trade agreement during a summit between South Korean President Roh Moo-hyun and Peruvian President Alan Garcia

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, ...