Korean Trade Minister Park Tae-ho said a recent visit to Davos, South Korea and China need to sign FTA, in order to develop into a global free trade agreement (FTA) of the hub.

Business Network Web site quoted the Yonhap news agency reported on January 28, Park Tae-ho stressed that trade is important, but after an FTA with China to attract more investment is more important. South Korea has signed with the United States and the EU FTA, so you can expect Chinese companies to migrate their production bases to South Korea.

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