Busan has plans in place to set up a #blockchain-enabled virtual power plant that integrates the capacities of multiple energy resources to optimize power generation. This is based on a citizens-shared blockchain. Learn more: https://t.co/OCr885WR7P
Have you heard of Toss, South Korea's first #fintech "unicorn"? It's a peer-to-peer payments service that was recently valued at over $1.2 billion. Read more on Quartz: https://t.co/T0nNqxQAPe
Not convinced on the significant positive impact the #KORUS #FTA has on the market in both the United States and Korea? Read our "Fair and Balanced Trade for Long Time Friends" blog to dive into the data: https://t.co/qGYNXLiZ0a
You've heard of #KPop, but what about #SouthKorea's lesser-heard music? @CNN dives into this interesting subject: https://t.co/xSa5tgBCgS
#ICYMI: South Korea became the first country to offer commercial #5G network service over the weekend. Read more on @koreatimes: https://t.co/SNRh2e03BB
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