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S. Korea’s Imports of Vietnamese Farm Products Jump 34 pct After 2015 Free Trade Deal

S. Korea’s Imports of Vietnamese Farm Products Jump 34 pct After 2015 Free Trade Deal

SEOUL, Jan. 22 (Korea Bizwire) — South Korea’s imports of Vietnamese agricultural and livestock products jumped 34 percent two years after the two nations’ bilateral free trade deal came into force, data showed Sunday. Two-way trade between the two countries has risen since the deal went into effect in December 2015, making Vietnam the fourth-largest [...]

S. Korean Gov’t Making Last-Ditch Effort to Dissuade U.S. From Imposing Tariffs

S. Korean Gov’t Making Last-Ditch Effort to Dissuade U.S. From Imposing Tariffs

SEOUL, Jan. 11 (Korea Bizwire) – Deputy Minister for Trade Kang Sung-chun left for the United States yesterday as South Korea looks to make one last push to encourage its second-largest trading partner to back off from imposing tariffs on solar panels and washing machines. Though fingers are crossed, the general mood is pessimistic, with [...]

S. Korea Submits KORUS FTA Plan to Parliament

S. Korea Submits KORUS FTA Plan to Parliament

SEOUL, Dec. 4 (Korea Bizwire) — The South Korean government will establish a plan to renegotiate the free trade agreement (FTA) with the United States and notify its course of action to the National Assembly, the trade ministry said Monday. Trade Minister Kim Hyun-chong held a meeting with officials from 20 ministries and government organizations [...]

U.S. Citizen Sues Korean Government Citing Korea-US FTA Over Land Expropriation

U.S. Citizen Sues Korean Government Citing Korea-US FTA Over Land Expropriation

SEOUL, Oct. 25 (Korea Bizwire) – For the first time, a U.S. national has sued the South Korea government over land expropriation, citing the free trade agreement between South Korea and U.S. The Ministry of Justice said on Tuesday that a U.S. citizen, identified only by her surname Seo, filed a request for arbitration through investor-state [...]

U.S. and China’s Growing Protectionist Attitudes Cause Government to Look to the South

U.S. and China’s Growing Protectionist Attitudes Cause Government to Look to the South

SEOUL, Sept. 11 (Korea Bizwire) – Increasing roadblocks on the path towards the Chinese economic heartland and a disquieting back and forth with the United States over the KORUS FTA has pushed the South Korean government to grow its trade with India and South Asian nations.  According to the Ministry of Trade, Industry and Energy, [...]

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 [...]