Major League Baseball is a Hit with Korean Fans

Park_ImageOn April 8, 1994, Chan Ho Park took the mound for the Los Angeles Dodgers against the Atlanta Braves and became the first Korean to play in Major League Baseball (MLB). He would continue on to become the winningest Asian pitcher in MLB history during his 16-year MLB career. Since Park’s debut, 14 other Koreans have played in the Major Leagues and MLB scouts are taking notice of the talented players in the Korean Baseball Organization (KBO).

Introduced by missionaries, baseball arrived in Korea in the early 1900s. It rose in popularity throughout the 20th century, and in 1982 the Korean Professional Baseball League (now the KBO) launched with six teams.… Read More

Posted in Uncategorized

Four Years In: The Benefits of the U.S.-Korea Free Trade Agreement

USChamber(Originally posted on the U.S. Chamber of Commerce website).

The U.S.-Korea Free Trade Agreement entered into force four years ago today. While it’s still too early to arrive at a full assessment of its results, the agreement has already brought real benefits for American workers, farmers, ranchers, and companies.

Some of the agreement’s provisions have yet to enter into force, but many are in place.  And they are already helping create a more level playing field for U.S. trade with our sixth-largest trading partner. Consider:

Without the FTA …
Around 90% of American agricultural good exports to Korea would still face high tariffs, averaging 53%.… Read More

Posted in Uncategorized

Four Year Snapshot: The U.S.-Korea Free Trade Agreement

6a00d8341d9cb353ef0105357b47fd970b-800wi(Originally posted on the Office of the United States Trade Representative website).

March 15, 2016 will mark the four-year anniversary of the entry into force of the United States-Korea Free Trade Agreement (KORUS). These past four years have been a period of growth and resurgence for the American economy, with 2015 recording solid GDP growth, a net gain of 2.6 million private-sector jobs, and the sixth consecutive year of net gain in manufacturing employment.

The U.S.-Korea trade and investment relationship is substantially larger and stronger than before the KORUS agreement. Since entry into force of the agreement in 2012, the U.S.… Read More

Posted in Uncategorized

Korea Offers Big Opportunities for the Big Sky State

Photo_of_Montana_Governor-elect_Steve_Bullock

Snowcapped mountains. Blue-ribbon trout streams. Wide-open prairies. These are the things most people associate with Montana, but the Big Sky State has also long been an important player in the global economy. Throughout the history of the state, drawn by Montana’s wealth of natural resources, immigrants came from around the world and established a sense of multinationalism that lives on today in our culture and in our global business perspective. It has been my honor as Governor to assist in building and strengthening these international relationships. Montana’s relationship with Korea in particular has become a valuable asset to our economy. Korea’s progressive thinking and strong economy has provided innumerable opportunities for Montana businesses.… Read More

Posted in Uncategorized

Revving Up for a New Year without Auto Tariffs

Hyundai Motor America has long valued our experience working with and learning from our parent company in Korea. As with any international business relationship, we must work hard to incorporate both parties’ background and viewpoints in order to succeed. In my eight years working with the company, I believe we have excelled at this critical intercultural communication.

My travels have instilled in me a tremendous respect for the Koreans’ business discipline and tenacity. Because global travel is difficult to incorporate regularly, we established a coordinated structure where every Korean executive has a Korean counterpart in the United States. This system is extremely beneficial as it allows us to effectively communicate complex issues across two languages, while also fostering close relationships with our Korean colleagues, an important factor in sustaining successful long-term business relationships.… Read More

Posted in Uncategorized