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fta

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Korea, Asean to start official talks to upgrade bilateral FTA

Korea and Asean are set to commence official talks to upgrade their FTA as part of the ongoing effort to expand bilateral ties in emerging areas, such as digital economy and critical minerals, the Ministry of Trade, Industry and Resources said on Monday.

2026.6.8

Korea simplifies regulations for U.S. crude oil eligible for FTA benefits

Korea's customs agency said Tuesday it has simplified regulations to allow U.S. crude routed through third countries to remain eligible for benefits under the bilateral FTA, in line with efforts to stabilize the supply amid tensions in the Iran war.

2026.5.26

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Korean Trade Minister Yeo Han-koo, second from left, and Singapore's Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong, second from right, attend the signing ceremony of the terms of reference for negotiations on improving their bilateral free trade agreement (FTA) in Singapore on April 28 in this photo provided by Yeo's office. [YONHAP]

Korea, Singapore kick off negotiations to upgrade bilateral FTA

Korea and Singapore officially kicked off negotiations for improving their bilateral FTA this week, Seoul's Trade Ministry said Tuesday, amid the two countries' push to deepen economic ties in the face of global trade uncertainties.

2026.4.28

Containers are seen at a port in Busan in April. [NEWS1]

Korea aims to diversify supply chains by pursuing more FTAs with emerging markets

Korea aims to expand its FTA network with emerging markets, such as Latin America and Africa, in its latest effort to diversify supply chains, Finance Minister Koo Yun-cheol said Monday.

2026.4.13

Leaders link arms during a group photo at the 32nd Asean Economic Ministers' Retreat in Manila on March 13. [AFP/YONHAP]

Korea, Asean hold inaugural joint committee meeting to discuss upgrading bilateral FTA

Korea and Asean on Wednesday held the inaugural meeting of a joint committee designed to discuss improvements to their bilateral FTA, Seoul's Ministry of Trade, Industry and Resources said.

2026.4.8

The Ministry of Trade, Industry and Resources' office at the government complex in Sejong is pictured on Jan. 6 [YONHAP]

Korea, China to hold FTA follow-up talks on services, investment

Korea and China are set to hold a fresh round of follow-up negotiations on service and investment under their bilateral FTA, Seoul's Trade Ministry said Wednesday.

2026.4.8

Steel products await shipment abroad at a port in Pyeongtaek, Gyeonggi, on March 12. [YONHAP]

Korea says Britain's new steel trade measures could violate bilateral FTA, vows active response

Korea's Ministry of Trade, Industry and Resources has expressed concerns over Britain's new protectionist steel trade measure, arguing that the move could potentially violate a bilateral FTA with Korea.

2026.3.20

Mexican Ambassador to Korea Carlos Peñafiel Soto speaks during an interview over Mexican dishes and drinks at El Molino, a restaurant in Seongsu-dong, eastern Seoul, on Feb. 13. [PARK SANG-MOON]

Mexican ambassador points to upcoming FIFA World Cup match, shared cuisine between 'brother' nations

From savoring tequila “like a kiss” to the parallels between corn and rice, the bond between Korea and Mexico is complex yet passionate, as Mexican Ambassador to Korea Carlos Peñafiel Soto expresses in his interview with the Korea JoongAng Daily.

2026.3.9

Trade Minister Yeo Han-koo, left, poses for a photo with his Canadian counterpart, Maninder Sidhu, in Toronto on Dec. 18. [YONHAP]

Trade minister voices concern to Canadian counterpart over Ottawa's new steel import policy

Korea's trade minister has expressed concern over Ottawa's plan to implement stronger safeguard measures for its steel industry, warning the decision could adversely affect businesses in both countries, Seoul's ministry said on Sunday.

2025.12.21

Industry Minister Kim Jung-kwan briefs President Lee Jae Myung on his ministry's policy goals for 2026 in Sejong on Dec. 17. [YONHAP]

Korea to push for service sector FTA with China, CPTPP affiliation for export momentum

Korea will push for the signing of an FTA with China in the service sector and seek affiliation with a Japan-led multilateral trade pact to maintain the country's strong export momentum, the Ministry of Trade, Industry and Energy said Wednesday.

2025.12.17