Last week, President Park visited Washington, DC as part of a week-long trip to the United States. The trip comes as Korea and the U.S. celebrate the 60^th anniversary of our strategic allegiance. It was the President’s first visit to a foreign country as President of Korea, a symbolic testament to the importance of the Korea-U.S. relationship. While in D.C., President Park spoke with President Obama and addressed a joint session of congress.

President Park first met with President Obama in the Oval Office on Tuesday, May 7 for a bilateral discussion of trade and security issues. Together, they discussed the progress and importance of the KORUS FTA.… Read More

I have long followed and supported both successful market entry of Korean business into the US and American firms to Korea. This mutual success has centered on product, retail and quick service restaurants, with limited opportunities in the service sectors. The KORUS FTA will make a huge change in this exchange. In the area of services, I see KORUS FTA as a game changer.

A few weeks ago, United States Secretary of State John Kerry visited Korea and spoke about the importance of trade between our two nations. This month, President Park will visit the White House to reaffirm our countries’ mutual commitment and celebrate the 60th anniversary of the U.S.-Korea strategic alliance.… Read More

Eric Sohn is a Korea desk officer in the International Trade Administration’s Office of Japan, Korea and Taiwan.

The business of trade is about more than just business. Trade events, such as trade missions and trade shows, are vital to forming connections between countries. This is particularly true in U.S.-Korea connections; evidence shows that American businesses are more successful exporting to Korea if they visit the country.

Chris Robinson, director of international sales and marketing for Bristol Compressors International, says that meeting Korean customers in person enhances communication and creates personal relationships that are extremely important in international business. Bristol Compressors, which has conducted more than $4 million in annual business with Korean companies over the last five years, is one of the many success stories profiled by U.S.… Read More

March 20th marked the first day of spring, otherwise known as the vernal equinox, a natural time of the year to start thinking about new beginnings. Both Korea and the U.S. have  weathered unforgiving economic winters in recent years. However, the one-year anniversary of the KORUS FTA on the 15^th of this month heralded a new spring and a time of growth for small businesses. Since the implementation of the KORUS FTA, many in the U.S. including farmers, law firms and winemakers, have seen tremendous growth in their trade with Korea. The second year of FTA implementation brings additional beneficiary products.… Read More