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free trade

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Lee hopes Korea, Italy will work together to promote free trade and multilateralism

President Lee Jae Myung expressed hope that Korea and Italy will work together to promote global free trade and multilateralism during his talks with Prime Minister Giorgia Meloni in Rome.

2026.6.13

Export-bound cars are lined up at Pyeongtaek Port in Gyeonggi on Nov. 14. [YONHAP]

Korean firms call for USMCA extension ahead of next year's joint review

Korean firms with production bases in North America have expressed their hope for preserving a free-trade pact among the United States, Mexico and Canada in their comments to the U.S. government, stressing the importance of policy certainty.

2025.11.25

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Leaders and envoys of Asia-Pacific Economic Cooperation member states pose for a group photo during the summit, wearing modern reinterpretations of hanbok (traditional Korean clothing) scarves, symbolizing the harmony between Korea’s cultural heritage and the creative spirit of hangul at the Gyeongju Hwabaek International Convention Center in Gyeongju, North Gyeongsang, on Nov. 1. [YONHAP]

APEC ends with 'Gyeongju Declaration' underscoring importance of trade

The 21 Asia-Pacific Economic Cooperation (APEC) member economies on Saturday adopted the “Gyeongju Declaration” affirming the importance of “robust trade and investment” to the Asia-Pacific region.

2025.11.1

U.S. President Donald Trump speaks as he signs documents in the Oval Office at the White House in Washington, U.S. Feb. 4. [REUTERS/YONHAP]

Korea-U.S. FTA could limit impact of reciprocal Trump tariffs, economists say

Economists at two major banks have predicted that Korea's FTA with the United States is likely to mitigate the impact of reciprocal tariffs threatened by U.S. President Donald Trump.

2025.2.12

The free trade system thrust into chaos

The weakened trade system will be dealt a fatal blowby Trump’s return.

2024.12.1

The end of free trade

We must thoroughly review what we can yield and what we can’t and devise an effective strategy to survive the stormy de-globalization era.

2024.11.12

Korea and Chile will launch another round of talks on revising their free trade agreement in response to changing global trade circumstances. Pictured are Chile's lithium deposits, which the nation holds the most of in the world. [AP/YONHAP]

Korea, Chile to renegotiate FTA

Korea and Chile will hold another round of talks on revising their free trade agreement (FTA) in response to changing global trade circumstances, the Industry Ministry said Wednesday.

2023.11.29

An economic forum between Korea and Thailand in Bangkok on Oct. 6, 2022 [YONHAP]

Korea pushes for FTAs with seven emerging, high-potential nations

Korea is pushing to clinch free trade agreements with seven emerging and high-potential nations, including Kenya and Thailand, the Ministry of Trade, Industry and Energy said Friday.

2023.8.28

Toward free trade again, surmounting protectionism

The Korea Customs Service has been focusing on three areas to help ease the customs bottlenecks for Korean exporters.

2022.11.24

Chile's President Montalva Eduardo Frei, far left, meets with Lee Kung-hee, at the time the chairman of Samsung Group, far right, at the Shilla Hotel in central Seoul on Nov. 22, 1994. [JOONGANG PHOTO]

[Friends for decades] Chile, Korea emphasize free trade amid growing protectionism

Growing protectionist policies and evolving regional trade dynamics are both a challenge and an opportunity for Chile and Korea, the first two countries to ink a free trade agreement between the Americas and the Indo-Pacific, said Mathias Francke...

2022.9.19