Ministry of Trade Industry and Resources

Trade Minister Yeo Han-koo of the Ministry of Trade, Industry and Resources (MOTIR, Minister JK (Jung-Kwan) Kim) and Sir Chris Bryant, Minister of State at the United Kingdom’s Department for Business and Trade, met in London on Monday, December 15, and signed a joint declaration confirming the conclusion of the Korea–UK Free Trade Agreement (FTA) upgrade negotiations.

Trade Minister Yeo emphasized that “the upgraded Korea–UK FTA will strengthen the free-market system in a trade environment with heightened uncertainty,” noting that it would provide an opportunity to enhance economic cooperation ties with the UK, a key partner in Europe. Sir Chris Bryant remarked that the agreement would boost the UK’s world-class services sector and support iconic brands, helping to accelerate economic growth.