Down in the dumps: lingering disputes sour US-South Korea trade talks
Article Abstract:
US and South Korean trade relations have been troubled with charges of unfair trade practices hurled at each other. Korean policies on US exports such as pork, beef, telecommunications equipment are being reviewed by the government. The US, on the other hand, have imposed sanctions for alleged dumping by Korean semiconductor manufacturers and steel products makers. The Korean government also points out that they lack a trade surplus with the US with a deficit of $230 million for the Jan to Nov 1992 period. On the other hand, the US contendsthat their figures show a deficit of $2 billion.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Tying the knot: US and South Korea near semiconductor deal
Article Abstract:
US and South Korean officials are finalizing an agreement that will link them through the semiconductor industry. The US company, Micron Semiconductor, will abandon an anti-dumping lawsuit against South Korean makers of dynamic random access memory chips or Drams. In return, South Korean companies will continuing purchasing US chip-making equipment, and develop the next generation of chip-making equipment with US aid. The deal will ensure the South Korean share of 40% of the US chip market, increase competitiveness in the US market and give US chip-makers an advantage in South Korea.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Carrot for Korea
Article Abstract:
Pres George Bush and South Korea's Pres Roh Tae Woo signed the Economic Initiative on Oct 02, 1992, to broaden trade relations between the two countries. Under the agreement, the US will promote business investment in South Korea in return for removal of non-tariff trade barriers and protection of intellectual property rights of US companies. South Korea will also have to modify foreign investment laws to make US investment easier. Korean bureaucracy, however, may resist these liberalizing reforms.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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