Chile and Korea announced their intent to negotiate a free trade agreement at the APEC leaders meeting held in Auckland, New Zealand in 1999. They held six rounds of negotiations and frequent technical meetings. The last round of negotiations took place in Geneva on October 17 - 21, 2002. The agreement was signed on 15 February 2003.

Documents relating to the negotiations
15 February 2003	Chile and the Republic of Korea sign free trade agreement
24 October 2002	Conclusion of the negotiations between Chile and Korea for an FTA
Source: Dirección General de Relaciones Económicas Internacionales, Chile (DIRECON); Ministry of Foreign Affairs and Trade, Korea

Article 18.1 of the Chile-Korea Free Trade Agreement establishes a Free Trade Commission and sets out its functions and responsibilities, which include supervising the implementation and application of the Agreement; evaluating the results of the Agreement; supervising the work of committees and working groups, ensuring that, with regard to public enterprises and enterprises to which special rights have been granted, no trade-distorting measure is enacted. The Agreement also provides for the establishment of several working groups.

The first meeting of the Free Trade Commission took place in Santiago, Chile on 10 June 2004. The second took place in Seoul, Korea on 3 June 2005.

Documents relating to entry into force
20 December 2005	Decree 375. Approves the Agreement for Cooperation and Mutual Assistance on customs issues between Chile and Korea
03 June 2005	Seoul, Korea. Second meeting of the Free Trade Commission
12 April 2005	Decree 85. Modifies paragraph 5 of article 5.4 of the Spanish text of the Chile -Korea FTA
10 June 2004	Santiago, Chile: First meeting of the Free Trade Commission
10 June 2004	Decision No 1/2004 of the Free Trade Commission
	Annex: Rules of Procedure of the Free Trade Commission
09 June 2004	Decree 139. Approved uniform regulations to interpret, apply, and administer Chapters 3, 4 and 5 of the Free Trade Agreement and the agreement to modify Annex II (c), section 8
Source: Dirección General de Relaciones Económicas Internacionales, Chile (DIRECON); Ministry of Foreign Affairs and Trade, Korea

• Dirección General de Relaciones Económicas Internacionales, Chile ( DIRECON) 
• Ministry of Foreign Affairs and Trade, Republic of Korea