On Thursday, Hyundai Motor Co., South Korea's biggest carmaker said its second-quarter net profit nearly quadrupled compared with a year earlier on strong demand for its vehicles that offset output disruptions by chip shortages. https://t.co/bkCdsifZ9Q
South Korea's automobile exports advanced 28 percent in the first half of 2021 thanks to global economic recovery and rising demand for premium models, data showed Thursday. Read more here: https://t.co/v9LigYVHrL
Hyundai Motor and Kia, the two automotive brands of the largest Korean automobile group, witnessed all-time high sales in the U.S. in the first half of this year. The companies sold a combined 804,944 vehicles, a 48.1 percent increase from a year earlier. https://t.co/M5VQa5OjC5
In a historic summit between U.S. President Joe Biden and Korean President Moon Jae-in, President Biden pledged to deliver COVID-19 vaccinations to South Korea. The shipment included enough vaccines for more than one million Koreans. More on the deal here: https://t.co/qU0KHkKQuE
South Korea, which aims to go carbon neutral by 2050, will expand its smart water management by installing floating solar farms near dams and applying hydrothermal energy technologies to data centers. https://t.co/nztlVsE5H9
State-by-State Map Benefits
Want the U.S.-Korea trade facts and figures on your state? Click on the map to the right to get information on exports, imports, industries, beneficiaries, successes, opportunities, and local news and events.
History of US Korea Connect
The U.S. and Korea have maintained a long and mutually beneficial relationship built on respect and trust. The U.S.-Korea Free Trade Agreement furthers this strong relationship by encouraging the free flow of products and services between the United States and Korea. The following is a timeline of the development and implementation of the FTA.
Interesting Facts
Interesting Facts
In 2015, Korea was the United States’ 6th largest trading partner, while the United States was Korea’s 2nd largest.
Top Imports
Top Imports
- Communications equipment
- Motor vehicles
- Motor vehicle parts
Top Exports
Top Exports
- Semiconductors and components
- Aerospace products
- Chemicals