SEOUL, Oct. 24 (Korea Bizwire) — South Korea’s industry ministry said Tuesday the government has formally accepted an agreement by the World Trade Organization (WTO) aimed at banning subsidies for illegal fishing. The agreement centers on prohibiting subsidies that contribute to overfishing and other illegal, unregulated fishing so as to ensure the sustainability of fish [...]
SEOUL, Dec. 9 (Korea Bizwire) — South Korea’s labor force is projected to decline 17 pct by 2040, a report showed Monday, a development that could undermine the potential growth of Asia’s fourth-largest economy. The report of the World Trade Organization (WTO) showed that the decline of South Korea’s labor force would be the highest [...]
SEOUL, Sept. 11 (Korea Bizwire) — South Korea filed a complaint with the World Trade Organization (WTO) on Wednesday over Japan’s export curbs, upping the stakes in the unprecedented trade row between the two Asian neighbors. The move came more than two months after Tokyo started restrictions of exporting three key industrial materials to Seoul, [...]
SEJONG/SEOUL, Jul. 1 (Korea Bizwire) — South Korea’s trade minister said Monday the government plans to file a complaint with the World Trade Organization (WTO) over Japan’s decision to tighten the rules for exports of semiconductor and display materials to Seoul, amid a simmering diplomatic row over wartime force labor. “South Korea has been making [...]
SEOUL, May 27 (Korea Bizwire) — South Korea plans to set up a body to address the World Health Organization’s decision to classify excessive gaming as an illness, while balancing the interests of the country’s high-profile gaming sector and growing concerns over gaming addiction, the government said Monday. The WHO last week defined problems caused [...]
SEOUL, Apr. 12 (Korea Bizwire) — South Korea on Friday welcomed the World Trade Organization’s decision to rule in favor of Seoul’s import restrictions on Japanese seafood in the wake of the 2011 Fukushima nuclear disaster and said it would keep the ban in place going forward. The WTO appellate body overturned several points of [...]
SEOUL, Nov. 7 (Korea Bizwire) — The Japanese government has moved forward with dispute settlement procedures at the World Trade Organization (WTO) regarding allegations that South Korea’s shipbuilding industry is being supported by government funds. Kim Deuk-hwan, the deputy spokesperson for the South Korean Ministry of Foreign Affairs, said at a regular briefing on Tuesday [...]
SEOUL, Apr. 10 (Korea Bizwire) — South Korea’s trade ministry said Monday it has filed an appeal against a ruling by the World Trade Organization (WTO) on its import restrictions on Japanese seafood after the 2011 Fukushima nuclear disaster. Japan officially lodged a complaint at the WTO in 2015 to challenge South Korea’s import bans [...]
SEOUL, Feb. 23 (Korea Bizwire) — South Korea will appeal the World Trade Organization’s ruling on its import restrictions on Japanese seafood after the 2011 Fukushima nuclear disaster and keep them in place until a final decision is made, Seoul’s trade ministry said Friday. Japan officially lodged a complaint at the WTO in 2015 to [...]
SEOUL, Jan. 26 (Korea Bizwire) — The South Korean government’s plan to file a WTO petition against U.S. safeguard measures is unlikely to buoy the spirits of local exporters, as previous cases have proven ineffective. Following the U.S. government’s decision to impose anti-dumping duties on South Korean washing machines and solar panels, the South Korean [...]