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S. Korea's trade volume more than doubles since first FTA

SEJONG, March 27 (Yonhap) -- South Korea's trade volume has more than doubled in the 10 years since the country implemented its first-ever free trade agreement (FTA) with Chile, a local trade organization said Thursday. The country enacted its FTA with Chile 10 years ago on April 1. The deal had prompted a wide range of concerns at the time over the possible fallout for the country's farmers and agricultural market, along with much doubt over its much-advertised benefits.

New sea minister vows to reform organization, policy

SEJONG, March 6 (Yonhap) -- South Korea's new maritime minister vowed efforts Thursday to reorganize the ministry, calling for policies that he said will actually benefit the people. Lee Ju-young, the new minister of oceans and fisheries, took office a day after he was formally appointed by the president. The 63-year-old replaced Yoon Jin-sook, who was fired over a series of verbal gaffes over a recent oil spill that raised angry uproar, especially from residents in affected areas.

S. Korea to boost exports, investment through deregulation, new FTAs: trade minister

SEJONG/SEOUL, March 5 (Yonhap) -- South Korea will develop its small and medium-sized firms through deregulation and conclude new free trade agreements (FTAs) in its efforts to expand its overall trade volume, the country's trade minister said Wednesday. Yoon Sang-jick, the minister of trade, industry and energy, said China's slowing economic growth may adversely affect the country's exports and economy this year.

S. Korea to boost exports, investment through deregulation, new FTAs: trade minister

SEJONG/SEOUL, March 5 (Yonhap) -- South Korea will develop its small and medium-sized firms through deregulation and conclude new free trade agreements (FTAs) in its efforts to expand its overall trade volume, the country's trade minister said Wednesday. Yoon Sang-jick, the minister of trade, industry and energy, said China's slowing economic growth may adversely affect the country's exports and economy this year.

S. Korea to boost exports, investment through deregulation, new FTAs: trade minister

SEJONG/SEOUL, March 5 (Yonhap) -- South Korea will develop its small and medium-sized firms through deregulation and conclude new free trade agreements (FTAs) in its efforts to expand its overall trade volume, the country's trade minister said Wednesday. Yoon Sang-jick, the minister of trade, industry and energy, said China's slowing economic growth may adversely affect the country's exports and economy this year.

Trade minister says progress in trilateral FTA talks with China, Japan

By Byun Duk-kun SEJONG, March 3 (Yonhap) -- South Korea's trade minister on Monday said the country's negotiations for a three-way free trade agreement (FTA) with China and Japan were moving forward though there will be no immediate breakthrough. "Negotiations do not always go smoothly. In certain cases, (the countries) must engage in a tug of war," Yoon Sang-jick said while meeting with reporters here at the Sejong Government Complex.

Taiwan hopes to sign trade pacts with Japan by Oct. 10

Taiwan's de facto ambassador to Japan said Monday that he hopes the two countries will sign five trade pacts by Oct. 10 -- Taiwan's National Day -- to pave the way for bilateral free trade agreement talks.

US trade rep urges Japan to commit to opening up access to auto, insurance markets

TOKYO - U.S. Trade Representative Michael Froman on Monday urged Japan to open its market to American cars and insurance companies, which would pave the way for a broader regional free trade agreement. Froman told reporters that the ongoing talks with Japan dealing with such historical sticking points are tied to the success of the larger and parallel Pacific free trade negotiations. "There are longstanding issues," he said at the Japan National Press Club.

U.S. car sales in S. Korea soar after FTA, official says

By Lee Chi-dong WASHINGTON, July 23 (Yonhap) -- U.S. Secretary of Commerce Penny Pritzker said Tuesday that U.S. automobile sales to South Korea have sharply grown since a bilateral free trade agreement (FTA) went into effect in March last year. She was stressing the effects of existing FTAs with South Korea and other nations as Washington seeks to expand similar bilateral or multilateral trade deals.

Trade commission recognizes damage from Korea-EU FTA

SEOUL, June 27 (Yonhap) -- South Korea's trade commission has recognized damage to a local company from the country's bilateral free trade agreement (FTA) with the European Union, the government said Thursday. In a meeting held late Wednesday, the National Trade Commission accepted a claim from a local pork processing company that it has suffered damage from the growing market share of European suppliers here, according to the Ministry of Trade, Industry and Energy.
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