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Economy

South Korea strives to beat Japan and China to UK trade deal

Trade ministry holds hearing to discuss economic benefits of a post-Brexit FTA

South Korea's President Moon Jae-in poses with Britain's Prime Minister Theresa May during a summit in Brussels in October   © Reuters

SEOUL -- South Korea is striving to beat Asian rivals Japan and China to a free trade deal with the U.K., once the nation leaves the European Union.

The trade ministry in Seoul hosted a hearing Wednesday to discuss the economic benefits of a post-Brexit deal with the U.K., South Korea's second-largest trade partner in the EU.

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