Since the Korea-U.S. (KORUS) FTA entered into force on March 15, 2012, both sides have reviewed its status of implementation through various joint committee and working group meetings, and discussed ways to further advance their cooperation on bilateral trade issues for successful...

March 15, 2015 marks the third year since the entry into force of the KORUS FTA. The effect of the FTA has been positive in trade and investment. During the 34 months since its entry into force, Korea saw an increase of 31.54% in exports to and 10.77% in imports from the U.S. The effect of the...

Since it was signed in April of 2007, and after undergoing additional negotiations in 2011, the Korea-U.S. FTA finally came into effect as of March 15, 2012, with the completion of the ratification process in the two countries after six years since negotiations began. Some were hopeful while...