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Reuters
Reuters
Business

Israel-South Korea free trade deal to take effect Dec. 1

Israel South Korea Economy Video Game
FILE PHOTO: Containers are seen through the window of a crane operator's booth at the port of the northern city of Haifa April 23, 2013. REUTERS/Ronen Zvulun/File Photo

A free trade agreement between Israel and South Korea will go into effect on Dec. 1, Israel's Economy Ministry said on Wednesday, in a move expected to lower the prices of Korean-made cars, toys, video game consoles and soy sauce.

The agreement was ratified by Korea's parliament on Tuesday.

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