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FTA Trend in Korea

Currently, 17 FTAs have been concluded with 57 countries(effectuated and agreed)

As of March 2021

FTA Trend in Korea
Classification Countries Progress Significance
Effectuated
(17 FTAs with 57 countries)
Chile Effectuated
April 1, 2004
First FTA concluded bridgehead for Latin American market penetration
Singapore Effectuated
March 2, 2006
Bridgehead for ASEAN market penetration
EFTA Effectuated
September 1, 2006
Bridgehead for Europe market penetration
ASEAN Effectuated
June 1, 2007
First FTA with world’s large economic bloc
India Effectuated
January 1, 2010
First FTA with one of BRICs, huge market
EU(27countries) Effectuated
July 1, 2011
World’s largest economic bloc (based on GDP)
Peru Effectuated
August 1, 2011
Bridgehead for Latin American market penetration
U.S. Effectuated
March 15, 2012
Huge and advanced economy
Turkiye Effectuated
May 1, 2013
Bridgehead for Europe and Central Asia market penetration
Australia Effectuated
December 12, 2014
Major market in Oceania
Canada Effectuated
January 1, 2015
Advanced country of North America
China Effectuated
December 20, 2015
Largest trading partner of Korea
New Zealand Effectuated
December 20, 2015
Major market in Oceania
Vietnam Effectuated
December 20, 2015
4th trading partner of Korea (As of 2020)
Colombia Effectuated
July 15, 2016
Emerging market of Central and South American market
Central America(5 countries) Effectuated
October 1, 2019 ~ March 1, 2021
Creating a new market in Central America
United Kingdom Effectuated
January 1, 2021
Maintain continuity of trade relations between Korea and the United Kingdom after Brexit
Signed Indonesia CEPA Signed
December 18, 2020
Creative economy model country
RCEP Signed
November 15, 2020
Contribution to economic integration in East Asia
  • 1) EFTA(4 countries) : Switzerland, Norway, Iceland, Liechtenstein
  • 2) ASEAN(10 countries) : Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Vietnam, Thailand
  • 3) RCEP(Regional Comprehensive Economic Partnership) : Korea, 10 ASEAN member countries, China, Japan, India, Australia, New Zealand
  • 4) 5 countries in Central America: Nicaragua, Honduras, Costa Rica, El Salvador, Panama
  • 5) MERCOSUR(5 countries) : Brazil, Argentina, Paraguay, Uruguay, Venezuela(Exclude of Negotiation)