Issues & Answers

Below is information on Korea, its economy and some trade topics of interest that will help you better understand the free trade agreement and its benefits.

How to Trade with Korea Under the FTA
To help you benefit from opportunities under the U.S.-Korea Free Trade Agreement, we developed a series of step-by-step checklists for your use.
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Korea's Economy
Over the past several decades, Korea has achieved a remarkably high level of economic growth and global integration to become a high-tech industrialized economy. Today, Korea is the 12th-largest economy in the world and the United States' sixth-largest trading partner.
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Doing Business in Korea: World Bank Ranks Korea #8 in Ease of Doing Business
Recently the World Bank gave the Republic of Korea a number 8 ranking in its Ease of Doing Business category for 2012. This highlights Korea as a top trading partner and a world leader in doing business.

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U.S. Trade with Korea
The alliance between the United States and Korea continues to be a beneficial one. This infographic from Korea's Ministry of Trade, Industry, and Energy (MOTIE) illustrates that trade between the two countries outpaces global trade of goods and services.
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Korean Investment in the U.S.
Korean companies are among the top foreign investors in the United States. Following the implementation of the KORUS FTA, investment in the United States totaled $22.9 billion.
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State Benefits

Learn more about how the FTA benefits your state and others