UK to Sign Trade Continuity Agreement With South Korea

The United Kingdom will sign a trade continuity agreement with South Korea, the U.K. Department for International Trade said in a June 10 press release. The U.K. and South Korea have completed negotiations and signed a joint statement on the agreement, which takes effect in the event the U.K. leaves the European Union with no transition deal in place. "This marks the end of formal trade discussions and the UK-Korea Free Trade Agreement will be subject to final checks before it is formally signed," the press release said. The deal would allow for trade between the U.K. and South Korea to continue under the terms of the European Union-South Korea free trade agreement.