S. Korea, UK agree to sign free trade deal ahead of Brexit - Reuters

South Korea's Trade Ministry issued a statement on Monday, announcing that  South Korea and Britain have agreed in principle to sign a separate free trade deal ahead of the Brexit due late October.

Main Points:

The deal would help South Korea minimize trade uncertainty and maintain trade with Britain based on Seoul's existing free trade agreement with the EU.

The deal includes keeping zero-tariffs on South Korean exports such as auto parts and automobiles.

South Korea will also prepare responses to other possible scenarios including a 'no-deal' Brexit.