S. Korea, UK Expedite Talks to Enhance Free Trade Agreement
(MENAFN) South Korea and the United Kingdom agreed on Monday to expedite negotiations aimed at enhancing their bilateral free trade agreement, seeking to strengthen trade and investment ties.
The commitment was made during a meeting in Seoul between South Korea’s Vice Foreign Minister Kim Jina and Catherine West, the UK’s top diplomat for the Asia-Pacific region.
According to a joint statement issued by the South Korean Foreign Ministry, the two sides “reviewed progress of negotiations for an upgraded UK–ROK Free Trade Agreement.”
Beyond trade, the partners pledged to cooperate across multiple strategic sectors, including trade and investment, economic security, artificial intelligence (AI), quantum technology, defense industries, and energy.
The move follows discussions in June between South Korean President Lee Jae Myung and British Prime Minister Keir Starmer at the Group of Seven summit in Canada.
Official UK data shows that total trade in goods and services between South Korea and the UK reached £15.4 billion (approximately $20.8 billion) over the four quarters ending in the first quarter of 2025.
The commitment was made during a meeting in Seoul between South Korea’s Vice Foreign Minister Kim Jina and Catherine West, the UK’s top diplomat for the Asia-Pacific region.
According to a joint statement issued by the South Korean Foreign Ministry, the two sides “reviewed progress of negotiations for an upgraded UK–ROK Free Trade Agreement.”
Beyond trade, the partners pledged to cooperate across multiple strategic sectors, including trade and investment, economic security, artificial intelligence (AI), quantum technology, defense industries, and energy.
The move follows discussions in June between South Korean President Lee Jae Myung and British Prime Minister Keir Starmer at the Group of Seven summit in Canada.
Official UK data shows that total trade in goods and services between South Korea and the UK reached £15.4 billion (approximately $20.8 billion) over the four quarters ending in the first quarter of 2025.
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