SEOUL, Mar. 27 (Korea Bizwire) – Concerns are growing after media outlets reported that the price of new drugs developed in the U.S. could spike as a result of a renegotiated free trade agreement. According to the Ministry of Trade, Industry and Energy, South Korea agreed to revise its pharmaceutical pricing and reimbursement policy to give [...]
SEOUL, Jul. 16 (Korea Bizwire) — The United States has left Korean companies in a state of anxious premonition as it has officially asked the Korean government to form a joint committee for the purpose of revising the current free trade agreement (FTA) between the two nations. For the automobile industry, the issue that looms large is [...]
SEOUL, March 13 (Korea Bizwire) – The United States has benefited even more than South Korea has from the countries’ free trade agreement (FTA), experts here said Monday, noting a demand to renegotiate the terms of the bilateral pact by Washington may well work to serve Seoul’s interest. The Korea-U.S. FTA, also known as the [...]