SEOUL, Dec. 31 (Korea Bizwire) — South Korea will implement a new trade rule this week focusing on offering broader support for companies impacted by free trade agreements (FTAs) and other trade pacts, the industry ministry said Tuesday. The Act on Addressing Changes in Trade Environment, an upgraded version of the Act on Trade Adjustment [...]
SEOUL, April 16 (Korea Bizwire) — South Korea decided Friday to join a mega free trade agreement involving 11 Asia-Pacific nations as the country seeks to diversify its export portfolio amid heightened economic uncertainty. Late last year, the country launched the process to accede to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The [...]
SEOUL, May 15 (Korea Bizwire) – South Korea’s trade association said Monday it plans to dispatch a group of delegates to the United States early next month, to expand economic exchange on the private level. The delegation will be the first of its kind dispatched by the Korea International Trade Association (KITA) after the start [...]