South Korea will hold the fourth round of negotiations with Chile this week on revising their bilateral free trade agreement (FTA) that went into effect in 2004. The two-day videoconference talks will focus on expanding the scope of free trade and updating terms of the 15-year-old FTA, according to the Ministry of Trade, Industry and Energy. The two sides will also hold discussions on five categories: goods, intellectual property rights, trade promotion, anti-corruption and cooperation.