Abstract
Bilateral relations between the United Kingdom (UK) and Korea are driven by trade, the importance of which means a post-Brexit bilateral trade agreement is likely to be a priority for both sides. The European Union (EU) and Korea have already signed a comprehensive and groundbreaking agreement, so a new ‘cut and paste’ agreement between the UK and Korea might be considered a straightforward matter. But the UK’s departure from the EU will expose several complexities in the latter’s relationship with Korea, meaning in turn that developing a new UK-Korea bilateral relationship is likely to be complex and any new trade agreement between the two is unlikely to be as beneficial to UK interests as the current arrangements.
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- 1.
Y. Kim in James Harrison, ed.: The EU and South Korea, The Legal framework for Strengthening Trade, Economic and Political Relations, Edinburgh 2013, p. 50.
- 2.
Michael Reilly, Chap. 3 above, note 15.
- 3.
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- 4.
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- 5.
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- 6.
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- 7.
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- 9.
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- 10.
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- 11.
Ibid.
- 12.
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- 13.
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- 14.
Lydgate, Rollo and Wilkinson, op.cit.
- 15.
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- 16.
‘Brexit’ effects here may vary by industry, Korea JoongAng Daily, 28 June 2016.
- 17.
May assures Nissan of shield against Brexit tariffs, Financial Times 15 October 2016—see Chap. 3, note 5.
- 18.
‘Brexit’ effects here may vary by industry, Korea JoongAng Daily, 28 June 2016.
- 19.
Michael Reilly: Towards an EU-Taiwan Investment Agreement, Prospects and Pitfalls, 2018.
- 20.
Simon Hix and Hae-Won Jun: Can ‘Global Britain’ forge a better trade deal with South Korea? This is why it’s unlikely , http://blogs.lse.ac.uk/brexit/2017/02/07/can-global-britain-forge-a-better-trade-deal-with-south-korea-this-is-why-its-unlikely/, retrieved 11 September 2017.
- 21.
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- 22.
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- 23.
Ibid.
- 24.
Hix and Jun: op.cit.
- 25.
International Monetary Fund: Direction of Trade Statistics.
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Park, S., Reilly, M. (2018). Lost in Brexit: The Complexities of Negotiating a New Trade Deal Between Korea and the United Kingdom. In: Huang, D., Reilly, M. (eds) The Implications of Brexit for East Asia. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-13-0185-8_7
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DOI: https://doi.org/10.1007/978-981-13-0185-8_7
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