SEOUL, Sept. 26 (Korea Bizwire) –Regarding recent reports that U.S. President Trump had asked his aides to review the possibility of lifting tariffs for Korean-made cars, key players within the local car industry are letting out a collective sigh of relief as a possible disaster seems likely to be averted. Previously, the U.S. government cited [...]
SEOUL, Mar. 27 (Korea Bizwire) — South Korea’s troubled automobile industry faces yet another blow amid growing speculation that the government might trade the sector in for favorable steel tariffs. Speaking to the press at Incheon Airport, South Korean trade minister Kim Hyun-jong. who had just returned from Washington, said, “Understanding on the bilateral FTA and [...]
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 [...]
SEOUL, May 15 (Korea Bizwire) — U.S. businesses based in South Korea said Sunday they will send a delegation to the White House this month to promote the benefits of the free trade agreement between Seoul and Washington as the Donald Trump administration is reviewing the five-year deal for a possible renegotiation. The delegation of [...]
SEOUL, March 24 (Korea Bizwire) – After the Korea-US Free Trade Agreement came into effect in March, 2012, Korea’s exports and imports to the U.S. increased by 32 percent and 11 percent respectively. The Korea Institute for International Economic Policy (KIEP) said in its report entitled “Present Condition and Issue after Three Years of Korea-US FTA” [...]