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Vol 6 · Issue 2 · Second Quarter 2017     
Message from the Embassy
On May 8, 2017, Koreans went to the polls and elected a new president, Moon Jae-in of the Democratic Party of Korea. President Moon took office on May 10 and will make his first official visit to the United States this week. President Moon will speak with President Trump about pressing issues of regional security and the Korea-U.S. Free Trade Agreement's (KORUS FTA) five years of success. The Embassy staff look forward to welcoming President Moon to Washington, D.C. on his first state visit. 
Korea-U.S. Trade and Foreign Direct Investment Highlighted in June

June has been an exciting month for Korean businesses looking to invest in the United States, export Korean products, or import U.S. products to the Korean market. This month the Korean International Trade Association (KITA) and the Korea Trade-Investment Promotion Agency (KOTRA) hosted events that highlighted the importance of a strong bilateral Korea- U.S. trade relationship. Last week was also the SelectUSA Investment Summit, which convened over 2,500 participants from more than 70 markets and 52 U.S. states and territories. During the SelectUSA summit, KOTRA hosted an Investment Forum that included one-on-one meetings between Korean businesses and the economic development offices of several states to discuss potential partnerships and ventures. Read more about these important events on the Seoul Source Blog.

Recent News
  
US, South Korea Can Bury the Trade Barrier Hatchet This Week
The Hill, June 26, 2017
 
Keep Trade with Korea Free
Bloomberg, June 22, 2017
 
Korea Dials Up Investment in the U.S.
Bloomberg, May 22, 2017
 
Free Trade with South Korea Is Working
Bloomberg, April 19, 2017
 
South Korean Ambassador Defends Benefits of US Trade Pact
Agri-Pulse, April 5, 2017
 

The U.S.-Korea Free Trade Agreement (KORUS FTA) is an international partnership designed to promote the free flow of products and services between the United States and Korea. This economic relationship spurs business growth, creates jobs, generates new markets for U.S. goods and services, and strengthens an important strategic alliance. 
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