UK and South Korea Strike Trade Deal Deepens Ties in Pharma, Cars, and Finance
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UK and South Korea strike trade deal
The UK and South Korea have agreed an upgraded trade pact designed to deepen ties across pharmaceuticals, car manufacturing and financial services, offering clearer market access and modernised rules for digital trade and supply chains.
What the deal means
Pharmaceutical companies gain predictable tariff and regulatory pathways that could accelerate exports and clinical partnerships, while carmakers benefit from strengthened rules of origin and tariff-free access that support electric vehicle supply chains and component sourcing.
Broader economic impact
Financial services may see expanded cross-border activity and data commitments that ease insurance and banking deals, and government modelling points to stronger services exports overall, creating new opportunities for UK firms and reinforcing strategic commercial links between Seoul and London.
