Missouri Benefits

 

State of MissouriThe implementation of the U.S.-Korea Free Trade Agreement (KORUS FTA) has created exciting new opportunities for Missouri businesses and communities. Removing tariffs on goods and restrictions on services has strengthened the U.S.-Korea economic partnership by spurring business growth, creating jobs, opening new markets and providing access to a larger pool of consumers.

Click on the tabs above to learn more about Missouri’s trade with Korea.

 

Missouri Snapshots

Interesting Facts About Missouri's Trade with Korea
  • Exports of ceramic products in 2015 reached $2.8 million, which have increased more than eight times from 2011 exports of $299,000.
  • Articles of wood and wood charcoal exports went from a total of
    $307,000 in 2011 to $2.7 million in 2015.
  • Iron and steel exports from Missouri have more than doubled 
    from 2014 to 2015 with totals increasing from $310,000 to $793.540.
  • From 2011 to 2015, Missouri exported over $123.3 million worth of pork to Korea.
  • Between 2011 and 2015, Missouri nearly doubled its exports of veterinary vaccines to Korea, from $18.5 million to nearly $33 million.
Connections Beyond Trade

Missouri Beyond Trade

  • In 2014, it was estimated that there were 10,330 Koreans and Korean Americans living in Missouri.
  • There were approximately 930 students from Korea studying at universities in Missouri during the 2014/2015 academic year.
  • Hyundai Merchant Marine Co., with offices in Kansas City and
    St. Louis, is Missouri’s largest Korean-owned company.
  • Columbia, Missouri is a sister city with Suncheon, Korea.
  • The Lutheran Church in Korea (right) is a sister/partner church with The Lutheran Church-Missouri Synod, headquartered in St. Louis.
 

Trade

  • Missouri exported $435.4 million in goods to Korea in 2015.
  • Missouri imported $228 million in goods from Korea in 2015.

Growth

  • The KORUS FTA more closely connects Missouri businesses with Korea, a $1 trillion market with more than 50 million consumers.

Jobs

  • The KORUS FTA is a significant and important catalyst for job creation in Missouri.
 

Local Resources

View information on the local resources in your state. These resources include groups in both the public and private sector.

View Missouri Resources

View local resources in other states.

Explore the States

Learn about the FTA's benefits across the states.

Click the map above to view all state benefits.

Join Business Connect

Sign up for Business Connect to gain exclusive access to resources you need to understand, engage and succeed.

Join