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South Korea-U.S. economic relations : Cooperation, friction, and future prospects

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  • South Korea-U.S. economic relations
  • Manyin, Mark E.
  • Congressional Research Service


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Title South Korea-U.S. economic relations
Similar Titles
Sub Title

Cooperation, friction, and future prospects

Material Type Articles
Author(English)

Manyin, Mark E.

Publisher

[Washington, D.C.]:Congressional Research Service

Date 2004-07
Journal Title; Vol./Issue CRS Report for Congress:
Subject Country United States(Americas)
South Korea(Asia and Pacific)
File Type Link
Subject Economy
Holding Congressional Research Service

Abstract

South Korea is a major economic partner for the United States. Korea is the U.S.’s seventh-largest trading partner — ahead of Western European countries such as France and Italy — and its sixth-largest export market. Korea has also become a significant investment site for American companies, which have poured nearly $20 billion into the country over the past seven years. In 2003, the U.S. was Korea’s largest trading partner, and its second-largest export market, source of imports, and supplier of foreign direct investment (FDI). Increased economic interaction has been accompanied by numerous disagreements over trade policies. (The rest omitted)