SEOUL, July 30 (Korea Bizwire) — South Korea has reported a surplus in trade with countries with which it signed free trade pacts, data showed Thursday, in a sign that such deals help Seoul cushion the negative impact of the coronavirus pandemic. According to the data by the Korea Customs Service (KCS), South Korea posted [...]
SEOUL, April 28 (Korea Bizwire) – The three-year-old free trade agreement with Vietnam will allow South Korean companies to further increase their auto, steel and petrochemical exports on tax removal or cuts, customs experts said Thursday. In a seminar held at the Korea Chamber of Commerce and Industry (KCCI) in central Seoul, customs experts called [...]
SEOUL, April 18 (Korea Bizwire) – U.S. Vice President Mike Pence said Tuesday that Washington will review and reform the free trade agreement with South Korea, citing “too many barriers” to U.S. businesses. The visiting vice president made the remarks during an American Chamber of Commerce meeting in Seoul. South Korea and the United States [...]
SEOUL, March 14 (Korea Bizwire) – Many U.S. exporters and importers believe the free trade agreement (FTA) between South Korea and the United States not only helped keep their business growing but also improved their products and services, a report showed Tuesday. In recent interviews with the U.S. office of the Korea Trade-Investment Promotion Agency [...]
SEOUL, March 12 (Korea Bizwire) – South Korea and five Central American countries have initialed their free trade agreement (FTA), which is expected to pave wider ways for Asia’s fourth-largest economy to tap deeply into the continent, the trade ministry here said Sunday. In November of last year, South Korea and six Central American nations [...]
SEJONG, Feb. 14 (Korea Bizwire) – South Korea and Southeast Asian countries agreed to speed up negotiations to upgrade their free trade agreement, Seoul’s trade ministry said Tuesday, amid rising fears over trade protectionism. Seoul has been in talks with the 10 Association of Southeast Asian Nations (ASEAN) to improve the FTA, which took effect [...]
SEOUL, Dec. 20 (Korea Bizwire) – South Korea and China have agreed to expand the mutual certification of electronics and electrical products on the occasion of the first anniversary of their free trade deal, a government agency said Tuesday. The agreement calls for the exemption of 104 electronics and electrical goods from obtaining a mandatory [...]
SEOUL, Dec. 16 (Korea Bizwire) – December 20 will mark the first anniversary of the day that the Korea-China free trade agreement took effect. Although exports of Korean products that had their tariffs lowered thanks to the FTA gradually increased over the year, local industries have yet to take full advantage of the deal. According [...]
SEOUL, June 27 (Korea Bizwire) – South Korea launched official talks on a free trade agreement (FTA) with Israel on Monday to discuss ways to boost bilateral economic exchanges and investment, the trade ministry said. The Ministry of Trade, Industry and Energy said the first round of negotiations took place in Seoul, seven years after [...]
SEOUL, Oct. 11 (Korea Bizwire) – South Korea, China and Japan will hold anew round of talks in December aimed at forging a three-way free trade deal, China’s commerce ministry has said, citing “some positive developments” in the previous round of negotiations. Since launching the talks in late 2012, the three nations have made little headway toward a deal that, if successful, would create one of [...]