South Korea mulls FTA partnership with Malaysia

31-Oct-13

South Korea is considering a free trade agreement (FTA) partnership with Malaysia in a bid to strengthen bilateral relations, as per Bernama. Young-Moo Kim, Director General for FTA Negotiation of South Korean's Ministry of Trade, Industry and Energy (MOTIE), said the initial objective of the consideration was for the South Korean government to further enhance the existing government-to-government bilateral relations between both countries. A joint study between both countries on the possibility of an FTA had just been completed last year and currently the South Korean government is waiting to see whether it is a good idea to launch the bilateral trade on a one-on-one basis.