Policy Issue

5th Anniversary of the Korea-US FTA

Data about the five years of the Korea-US FTA presented how mutually beneficial the FTA has been as Korea ran surpluses in goods trade, while the US benefited from services and FDI.Trade in goodsTrade in goods jumped 8.8 percent as of the end of 2016 compared with five years ago at the beginning of the trade deal. This shows how successfully the trade deal has worked since both countries saw their total trade in goods decline amid slowing down global trade, which fell an average of 2.0 percent during the 2012-2016 period.  Both countries expanded their market shares: Korean markets for US ...

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May 2017

About EB

The Economic Bulletin is a monthly English publication that covers the current status and future outlook of the Korean economy, as well as key economic policies and indicators. By sharing such information with foreign residents in Korea and international opinion leaders, the Economic Bulletin aims to generate a greater international level of understanding on the Korean economy.