Vol 5 Issue 3 March 2016
This month marks the fourth anniversary of the Korea-U.S. Free Trade Agreement (KORUS FTA). Over the past four years, this historic agreement has expanded economic opportunities, opened doors to new markets, and significantly deepened our bilateral trade and investment relationship.
U.S. exports of manufactured and agricultural goods have steadily increased since the KORUS FTA came into effect in 2012. As an important milestone, more than $1 billion worth of U.S.-made autos now enter the Korean market duty-free.
Vol 5 Issue 2 February 2016
Korea's biotech industry is thriving with strong government support and investment. In December 2015, President Park Geun-hye renewed the administration's commitment to increase its support on deregulation, R&D, and human resources in the biotech industry.
Vol 5 Issue 1 January 2016
U.S.-Korea trade reached a major milestone on January 1, 2016, when tariffs were eliminated on a number of products, meaning more than 95 percent of US exports have become tariff free since 2012 thanks to the Korea-U.S.
Vol 4 Issue 12 December 2015
Throughout 2015, the Korea-U.S. relationship continued to grow and prosper through ongoing bilateral collaboration on diplomatic, economic and security issues.
Vol 4 Issue 11 November 2015
Earlier this month, Hohyun Jang, Economic Minister at the Korean Embassy in Washington D.C. attended "K-Global,' the 4th Annual K-TECH Silicon Valley conference in Santa Clara, California
Vol 4 Issue 10 October 2015
From October 13-16, Her Excellency Park Geun-hye, President of the Republic of Korea visited the United States, meeting with top U.S. government officials including President Barack Obama, Vice President Joe Biden, Secretary of State John Kerry and Defense Secretary Ashton Carter.
Vol 4 Issue 9 September 2015
On September 26, Her Excellency Park Geun-hye, President of the Republic of Korea, participated in a United Nations high-level plenary meeting titled New Rural Development Paradigm and the Inclusive and Sustainable New Communities Model inspired by the Saemaul Undong. This session was co-hosted by the Ministry of Foreign Affairs of the Republic of Korea, the United Nations Development Program (UNDP) and the Organization for Economic Cooperation and Development (OECD). The event highlighted successful rural development initiatives from around the globe and advocated for the continuation of these strategies through the inclusion of post-2015 Sustainable Development Goals in national agendas.
Vol 4 Issue 8 August 2015
This August Korea celebrates 70 years of independence and many events and performances will be held around the world to commemorate this anniversary. Since regaining its independence in 1945, Korea has been a leading promoter of international peace and security. In 2010, Korea joined the Development Assistance Committee in the Organization for Economic Co-operation and Development, becoming the first country to transition from aid-recipient to aid donor. In addition, Korea has made considerable contributions to United Nations peacekeeping missions and will host the 3rd World Summit on "Peace, Security, and Human Development" this month where government officials, religious leaders and academics from around the world will gather to discuss how to build a world of peace and prosperity.
Vol 4 Issue 7 July 2015
From July 13-15, 2015, the 14th Annual U.S.-Korea Opinion Leaders Seminar took place in Washington, D.C. The seminar featured government officials from both countries, as well as experts from the private sector and academia discussing different elements of the bilateral relationship. The seminar focused on the challenges and opportunities that both countries will face in the next year; including the continued economic partnership, security issues involving North Korea and regional issues involving China, Japan and other Asia-Pacific powers. As the seminar showed, the bilateral relationship remains strong and innovative. This month's newsletter explores one way innovation is changing the Korea-U.S. relationship as we explore cooperation in the robotics industry.
Vol 4 Issue 6 June 2015
On June 18th and 19th, the American Chamber of Commerce in Korea (AMCHAM), a group of U.S. companies doing business in Korea, came to Washington, D.C. to promote the success it's members have had working in Korea and to talk about the importance of the Korea United States Free Trade Agreement (KORUS FTA) to bilateral trade. Members visited the offices of Senators and Congressmen to tell them about their companies and explain the importance of a strong Korea - U.S. bilateral relationship when it comes to trade.
Vol 4 Issue 5 May 2015
With the year 2015 marking the 70th anniversary of Korean independence, on May 17, U.S. Secretary of State John Kerry met with Her Excellency President Park Geun-hye and Korean Foreign Minister Yun Byung-se in Seoul. The meeting set the stage for President Park's upcoming visit to the United States in June.
Vol 4 Issue 4 April 2015
Already known for its leadership in R&D and technology innovation, eyes are turning toward Korea as global trendsetter in the beauty industry. Exports in this sought-after and booming sector, named "K-beauty," are reaching new heights. According to the Korea Customs Service, total Korean exports in cosmetics reached $1.92 billion in 2014, an increase of 50.4 percent over the previous year.
Vol 4 Issue 3 March 2015
Three years ago this month, Korea and the United States implemented the most important free trade agreement in the Pacific region to date - the Korea-U.S. Free Trade Agreement (KORUS FTA). Since then, this agreement has strengthened the foundations of the Republic of Korea-U.S. Alliance, fostered closer partnerships between our people, and promoted economic growth and investment in both countries.
Vol 4 Issue 2 February 2015
January 1st is heralded as the New Year in many parts of the world including both the United States and Korea. Korea, however, also celebrates the lunar New Year, which was celebrated on Thursday, February 19 this year. As one of Korea's most significant national holidays, Seollal is a day where many Korean families gather together to eat ritual foods such as tteokguk (rice cake soup), play traditional games and pay respect to their elders and ancestors.
Vol 4 Issue 1 January 2015
Speaking at Cheong Wa Dae on January 12, President Park Geun-hye began 2015 by outlining her policies for the new year on topics ranging from inter-Korea relations to her three-year economic innovation plan and public sector reforms. The new year, she said, "presents a golden opportunity to concentrate our strengths on reviving the economy and improving innovation in the country. The government will take advantage of the opportunities to make 2015 a year of hope."
Vol 3 Issue 12 December 2014
Korea has engaged in a flurry of multilateral and economic activity this December. Her Excellency President Park Geun-hye launched the Korea-ASEAN summit in Busan, Korea, on December 11-12, 2014. The summit, which commemorated the 25th anniversary of relations between Korea and the ASEAN member states, resulted in a joint statement on the future vision of the ASEAN- Republic of Korea Strategic Partnership. In a joint statement, the leaders agreed to further strengthen cooperation on security issues, expand socio-cultural collaboration, maximize utilization of the ASEAN-Korea Free Trade Agreement, expand trade volume, cooperate on innovation, and welcomed the launch of the ASEAN-Korea Business Council.
Vol 3 Issue 11 November 2014
Her Excellency President Park Geun-hye traveled to China, Myanmar and Australia to attend the Asia-Pacific Economic Cooperation (APEC) Summit, the Association of Southeast Asian Nations (ASEAN) + 3 Summit, the East Asia Summit (EAS) and the G20 Meeting earlier this November.
Vol 3 Issue 10 October 2014
On Friday, October 24, Korea and the United States held the "Two-Plus-Two" dialogue between Foreign Minister Yun Byung-se, Defense Minister Han Min-koo, U.S. Secretary of State John Kerry and Secretary of Defense Chuck Hagel at the U.S. Department of State in Washington, D.C. Following the dialogue, Minister Yun summarized the progress made and said "We were able to focus on our alliance beyond the Korean peninsula, on global issues as well. This demonstrates that the Korea-U.S. alliance has gone beyond serving as a linchpin for peace and stability in the Asia-Pacific region. It is now a global partnership."
Vol 3 Issue 9 September 2014
On Tuesday, September 23, President Park Geun-hye took part in the first plenary session of the United Nations Climate Summit. In her remarks to the Summit, President Park explained Korea's current efforts and long term plans to continue to cultivate economic development and also pursue policies to mitigate the carbon footprint of that development. "We need to see climate action not as a burden, but as an opportunity," she stated. "The tiniest change in how we think can later make a world of difference. How we view the climate agenda-as boon or bane-will bring huge differences. Investing in the chance to unlock new energy industries and jobs can ignite fresh engines of future growth."
Vol 3 Issue 8 August 2014
On August 4, 2014, Ambassador Ahn Ho-young visited Anchorage, Alaska, at the invitation of Senator Mark Begich (AK), co-chair of the Senate Korea Caucus. During his visit, Ambassador Ahn met with representatives of the local Korean-American community and participated in a ceremony at the Korean War Veterans Memorial in Anchorage, thanking Korean War veterans and presenting them with medals of friendship.
Vol 3 Issue 7 July 2014
On July 26, 2014, Ambassador Ahn Ho-young participated in the 61st National Korean War Veterans Armistice Day at Arlington National Cemetery. The ceremony was organized by the Embassy of the Republic of Korea and the Korean War Veterans Association of America.
Vol 3 Issue 6 June 2014
Korean golfers have risen to prominence on the golf scene with a series of victories this year. Seung-Yul Noh won his first PGA Tour title at the Zurich Classic of New Orleans on Sunday, April 27. During the tournament, he sported yellow and black ribbons on his white hat to commemorate the victims of the Sewol ferry tragedy. Hyun Park also celebrated his second title as the IGT Tour's Race to the USA champion on Wednesday, May 14. On Sunday, June 8, golfer Inbee Park won the 2014 Manulife Financial LPGA Classic at the Gray Silo Golf Course at Waterloo, Ontario. Three Korean golfers also participated in the U.S. Open Championship at Pinehurst on June 12-15.
Vol 3 Issue 5 May 2014
Ambassador Ahn Ho-young, accompanied by Sung Kim, U.S. Ambassador to Korea, traveled to New York, Detroit and Atlanta between May 12th and May 16th, for the 2014 Ambassadors' Dialogue. This annual multi-city outreach trip is organized by the Korean Economic Institute (KEI). The delegation met with leaders in business, academia and the Korean American community, promoting stronger Korea-U.S. ties and discussing strategies for enhanced bilateral relations.
Vol 3 Issue 4 April 2014
On April 25, President Park Geun-hye and U.S. President Barack Obama met for summit talks at Cheong Wa Dae (Blue House) during his two-day visit to Korea, his fourth visit to the country. President Obama's visit comes at a time of deep mourning for the people of Korea.
Vol 3 Issue 3 March 2014
On March 15th, we celebrated the two-year anniversary of the Korea-U.S. Free Trade Agreement (KORUS FTA), a landmark agreement that provided businesses an avenue for growth through international trade. The KORUS FTA has delivered immediate benefits for many American businesses and has ushered in a new era of trade with Asia's fourth-largest economy.
Vol 3 Issue 2 February 2014
Entrepreneurship and the creative economy took the spotlight during President Park Geun-hye's keynote speech at the 44th World Economic Forum Annual Meeting held in Davos, Switzerland on January 22. During the session, "Reshaping the World Through Entrepreneurship, Education and Employment," President Park urged world leaders to join Korea in fostering entrepreneurship as a sustainable path to resolving diverse global economic challenges. She also proposed a move toward the "Davos Consensus," a belief in entrepreneurship as the driving force of sustainable, inclusive growth.
Vol 3 Issue 1 January 2014
To mark the beginning of the New Year, on January 1, 2014, President Park Geun-hye delivered a special New Year's message to the Korean people highlighting key priorities for her second year in office, including invigorating the economy, preserving national security and continuing reforms in society.
Vol 2 Issue 12 December 2013
On November 29th, the Korean government publicly expressed interest in joining the Trans-Pacific Partnership (TPP), a proposed multilateral trade agreement that is currently being negotiated by 12 Pacific Rim countries. On December 12th, Ambassador Ahn Ho-young spoke about Korea's perspective on TPP participation at the event "Korea's Interest in the TPP," hosted by the Center for Strategic and International Studies (CSIS).
Vol 2 Issue 11 November 2013
On November 12-13, 2013, Korea and the United States held their first bilateral Information and Communication Technology (ICT) Policy Forum in Washington, D.C. Yoon Jong-lok, Korean Vice Minister of Science, ICT, and Future Planning, met with his U.S. counterpart, Ambassador Daniel Sepulveda, Coordinator for International Communications and Information Policy at the Department of State, to discuss policies expanding bilateral cooperation in the ICT field and to promote ICT development in both countries.
Vol 2 Issue 10 October 2013
On October 15, Ambassador Ahn Ho-young shared his perspective on Korea's position on the world stage at a Johns Hopkins University School of Advanced International Studies forum called "The G-20: Korea's Perspective." He emphasized the G-20's relevance and provided the audience with insights from his service as Sherpa for the 2008 G-20 meeting and Korea's presidency of the G-20 in 2010. Ambassador Ahn discussed Korea's important contributions to the G-20 and explained how lessons from the Asian financial crisis in 1997 guided Korea's decisions to encourage the development of infrastructure establishing flexible credit lines and strengthening interface between the IMF and regional organizations.
Vol 2 Issue 9 September 2013
On Monday, September 23, the Embassy hosted a Korean National Day celebration at the John F. Kennedy Center for the Performing Arts, America's National Cultural Center in Washington, D.C. The event celebrated the creation of the state of Gojoseon, or ancient Korea, and also commemorated 60 years of shared prosperity between Korea and the United States. Friends of Korea joined together to enjoy traditional Korean performances like samulnori, an ensemble of various gongs and drums, as well as modern ballet and classical music by world-class artists.
Vol 2 Issue 8 August 2013
On August 20, 2013, Samsung, Korea's largest electronics company, Facebook and other major players in the technology industry announced the formation of a partnership called Internet.org aimed at reducing the cost of delivering basic Internet services in the developing world. This collaboration marks the beginning of greater international cooperation between innovative Korean and U.S. companies.
Vol 2 Issue 7 July 2013
Last month, the Embassy of the Republic of Korea welcomed His Excellency Ahn Ho-young as the new Ambassador to the United States of America. Since beginning his service on June 5, Ambassador Ahn has been doing what he loves most - serving his country and meeting new people.
Vol 2 Issue 6 June 2013
This month the Embassy of the Republic of Korea welcomed His Excellency Ahn Ho-young as the new Ambassador to the United States of America. Ambassador Ahn most recently served as Korea's First Vice Minister of Foreign Affairs and Trade.
Vol 2 Issue 5 May 2013
President Park Geun-hye's visit to the United States this month, her first overseas visit as President of the Republic of Korea, underscored the special friendship between our two countries.
Vol 2 Issue 4 April 2013
This year Koreans and Americans celebrate the 60th anniversary of the Korea-U.S. Alliance. Our partnership, which began in 1953 when Korea and the United States signed a mutual defense treaty at the end of the Korean War, has become the foundation for a decades-long friendship premised on a commitment to democracy.
Vol 2 Issue 3 March 2013
Today marks the one-year anniversary of the Korea-U.S. Free Trade Agreement (KORUS FTA), one of the greatest milestones in our long standing relationship. This FTA has ushered our two nations into a mutually beneficial partnership where companies, workers and consumers are sharing in greater benefits through freer open trade.
Vol 2 Issue 2 February 2013
The U.S.-Korea Free Trade Agreement (KORUS FTA) gives businesses in the United States and Korea an opportunity to partner and grow together. Finding the perfect trading partner to supplement and complement your business can seem like a daunting task.
Vol 2 Issue 1 January 2013
The artfully-negotiated U.S.-Korea Free Trade Agreement (KORUS FTA) includes provisions that break down trade barriers and make it easier for businesses to introduce products and services in areas that include architecture, music and performing arts.
Vol 1 Issue 10 December 2012
Throughout 2012, the U.S. Korea Connect team has engaged with companies around the country, large and small, and spoken with them about their experiences trading with Korea.
Vol 1 Issue 9 November 2012
The United States is both the top exporter and the top importer of services in the world, and services trade is growing rapidly. A vibrant U.S. professional services sector is a driving force in today's economy.
Vol 1 Issue 8 October 2012
The environment chapter of the U.S.-Korea Free Trade Agreement (KORUS FTA) and the Environmental Cooperation Agreement (ECA) include comprehensive environmental protections that strengthen the two countries' relationship by creating new opportunities for environmental cooperation.
Vol 1 Issue 7 September 2012
As we turn from summer to fall, children in the United States are beginning a new school year. To commemorate back-to-school, this month's U.S. Korea Connect newsletter highlights education and explores how it is becoming an increasingly popular export.
Vol 1 Issue 6 August 2012
Korea's blend of traditional and modern attractions makes it an ideal destination for business and leisure travelers. Last year, more than 9.8 million visitors from around the world explored Korea's rich history and culture
Vol 1 Issue 5 July 2012
The U.S. wine industry is focused on the growing Korean market, which is the third largest Asian wine market with more than 50 million potential customers. According to the Wine Institute, the imported wine consumption in Korea has grown 177 percent in the last decade, and wine industry experts are predicting consumption in Korea will grow significantly.
Vol 1 Special Issue June 2012
The Embassy of the Republic of Korea welcomes Ambassador Y.J. Choi as its new Ambassador to the United States. On May 2, 2012, Ambassador Choi presented his credentials to President Barack Obama in a White House Ceremony that officially marked the beginning of his service.
Vol 1 Issue 4 June 2012
The Embassy continues its robust schedule of events this May and June.
Vol 1 Issue 3 May 2012
This May, join the Embassy of the Republic of Korea as it celebrates World Trade Month.
Vol 1 Issue 2 April 2012
Under the KORUS FTA, the Korean legal market is opening to U.S. law firms and providing those firms with expanded opportunities. As a result, a number of major U.S. law firms have announced plans to establish foreign legal consultant offices in Korea.
Vol 1 Issue 1 March 2012
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