You are here

The U.S.–Korea Trade Agreement (KORUS)

The U.S.–Korea Trade Agreement (KORUS)

Monday,  4 April 2011

Jose Fernandez, Assistant Secretary for Economic, Energy, and Business Affairs, U.S. Department of State. Fernandez spoke on the importance and mutual benefits of the U.S. – Korea Free Trade Agreement (KORUS). Fernandez started by noting that the 2010 KORUS renegotiations were put in place to ensure that U.S. companies can compete in a fair and free method and to provide everyone with greater transparency to the agreement. Although the KORUS was first signed between the United States at the Republic of Korea (South Korea) on June 30, 2007, it cannot take effect until it gains U.S. Congressional approval in the House and the Senate. To prevent a ratification stalemate from occurring again, the team responsible for the KORUS consulted different stakeholders, adjusted terms, and went back to the table with South Korea to discuss controversial issues. By November 2010, the United States was able to create a pact that was not only winning bipartisan support but was also a more advantageous deal for automakers. Fernandez urged the United States to quickly ratify the KORUS and show that it can compete in the global market. Charles K. Armstrong, Professor of Modern East Asian and International History in the Department of History and Director of the Center for Korean Research at Columbia University, moderated the event.

This event was co-sponsored with the Weatherhead East Asian Institute’s Center for Korean Research at Columbia University.

Contact Us

APEC Study Center at Columbia University
Columbia University, 3022 Broadway
2M-9 Uris Hall
New York, NY 10027-7004
212-854-3976

The Curl Ideas to wrap your mind around

10 Ways to Create a Culture of Open Communication

Creating a culture of open communication can be one of the best ways to inspire excellent performance, improve employee morale, and foster a warmer corporate culture, says Alexander Tuff ’03.

Read More >

Don Sexton: Celebrating 50 Years at Columbia Business School

The esteemed professor talks about his early days at the School, how the institution and its students have evolved, and what the future might hold for students of business.

Read More >

Ross Clark '10 Discusses Growth of Digital Media at Condé Nast

The senior director of business development and strategy for Condé Nast Entertainment talks about Condé Nast Entertainment’s digital pipeline, appealing to a millennial audience, and the future of media.

Read More >

It's Time to Reform International Taxation

Taxing subsidiaries of international corporations as separate entities isn’t working

Read More >

Europe's Attack on Greek Democracy

It’s not about the money, says Columbia Business School’s resident Nobel laureate. It’s about forcing Greece to buckle under.

Read More >

Modi's Whirlwind First Year

Arun Jaitley, Narenda Modi’s first lieutenant, describes how far India has come — and what still needs to be done.

Read More >

Columbia Business School Welcomes Six New Board Members

In May, Columbia Business School welcomed six new members to its esteemed Board of Overseers.

Read More >

Columbia Startup Lab Revs Its Engines for Year Two

It’s been exactly one year since the Columbia Startup Lab opened its doors at 175 Varick Street as a shared workspace for budding Columbia entrepreneurs. With a proven track record and a full roster for the coming year, you might say the lab is a startup success story itself.

Read More >

Wearing a Suit Makes You More Powerful (but Not in the Way You Think)

Research by Professor Michael Slepian says wearing formal clothing makes a person feel in control and influences the way they view the world.

Read More >