free trade agreement Archives | Be Korea-savvy
South Korean Analysts Find Dismantling KORUS FTA Advantageous for South Korea

South Korean Analysts Find Dismantling KORUS FTA Advantageous for South Korea

SEOUL, Sept. 5 (Korea Bizwire) — While the alleged development of a hydrogen bomb by North Korea is keeping the military on alert, Donald Trump’s allusions to a possible termination of the Korea – U.S. Free Trade Agreement is keeping the nation’s economy in a similar state. In the latest stream of news either decrying [...]

S. Korea Vows to Take Concentrated Measures Against U.S. Trade Barriers

S. Korea Vows to Take Concentrated Measures Against U.S. Trade Barriers

SEJONG, June 13 (Korea Bizwire) – The South Korean government vowed Tuesday to take all necessary measures to deal with growing U.S. barriers against its trade surplus and steel products. “As the U.S. government has been moving to strengthen trade restrictions and raise barriers, all government ministries need to formulate countermeasures against such developments,” Deputy [...]

Imported Fruit Consumption Soars Following Free Trade Agreements

Imported Fruit Consumption Soars Following Free Trade Agreements

SEOUL, Sept. 19 (Korea Bizwire) – Korea’s recent trade agreements with major fruit exporters such as New Zealand and Chile have brought about a significant increase to consumption of imported fruits, thanks to lower prices.  According to Emart, Korea’s leading retailer, sales of imported kiwis soared by 95.1 percent from January to August compared to [...]

Seaweed Exports to China Soar

Seaweed Exports to China Soar

SEJONG, April 7 (Korea Bizwire) – Exports of dried and seasoned seaweed products have increased dramatically after they won the hearts of Chinese consumers. According to the Korea Customs Service, exports of dried and seasoned seaweed peaked in 2015, and the $224.3 million in sales was a 10.8 percent increase compared to 2014. Considering sales [...]

FTA with Central America to Boost Auto, Mobile phone Sectors with Low Tariffs

FTA with Central America to Boost Auto, Mobile phone Sectors with Low Tariffs

SEOUL, June 19 (Korea Bizwire) — The automobile, mobile phone and medical sectors are among the areas that could benefit a lot from a free trade deal with Central American countries as lower tariffs are expected to help them better compete with cheaper products imported from China and other countries, a report said Friday. Earlier, [...]