With the implementation of the U.S.-Korea Free Trade Agreement, businesses across all industries will be able to capitalize on the expanded opportunities created by the free flow of products, services and ideas between the United States and Korea. Below are some of the industries that will benefit.

FINANCIAL SERVICES

Often cited as a model for future trade agreements, the KORUS FTA opens Korea's market to U.S. financial services companies and provides a gateway for access to the growing Asian market.

INTELLECTUAL PROPERTY

The KORUS FTA offers the U.S. an opportunity to lock-in beneficial IP protections with a leading Asian economy and serve as an example for IP standards to other Asian countries.

LEGAL SERVICES

Under the KORUS FTA, the Korean legal market is opening to U.S. law firms, providing those firms with expanded opportunities.

PHARMACEUTICALS

Korea is currently ranked as the world's 12th largest pharmaceutical market, with annual sales of about $7.9 billion, and the KORUS FTA will enhance the industry’s ability to market their products in Korea.

PLASTICS

The plastics industry is found in all fifty states and has been one of the economy’s largest and fastest growing industries for decades.

TEXTILES

With enactment of the U.S.-Korea Free Trade Agreement (KORUS FTA), more than 60% of two-way trade in textiles and apparel will become duty-free immediately.

WINE

With 50 million potential customers, Korea is Asia's third largest wine market and the tenth largest export destination for U.S. wine.

SERVICES OVERVIEW

The Korea-U.S. Free Trade Agreement (KORUS FTA) opened a new era of trade in services between Korean and U.S. businesses.