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

Sowing Startup Success

Owen Davis ’08, managing partner of NYC Seed, doesn't believe people are born with a startup gene. "Anyone can launch," Davis says. "There’s a process that will minimize the silly mistakes new entrepreneurs make.”

Read More >

A Storyteller Goes Back to School

Amanda Kinsey ’12 has produced a film about Columbia University's storied past.

Read More >

Binu Nair Named Dean's Chief of Staff

Binu Nair has been named Chief of Staff of the Dean’s Office of Columbia Business School, effective September 8.

Read More >

Joseph Stiglitz Responds to Thomas Piketty

Columbia University's resident Nobel laureate weigh in on Thomas Piketty's influential — and controversial — book “Capital in the Twenty-First Century.”

Read More >

Organic vs. Paid Advertising? Inside the Mind of An Online Browser

New research by Columbia Business School offers rare insights into what consumers are thinking when they land on the search engine results page

Read More >

Columbia Business School’s Incoming Class Beats the Heat and ALS by taking the Ice Bucket Challenge Together

Incoming Columbia Business School students joined thousands of people around the country in taking the ALS Ice Bucket Challenge and engaging in a friendly rivalry with other top business schools.

Read More >

Transforming Safety

Neurotect, the startup cofounded by Linda Chase-Jenkins ’93, is poised to transform the sports safety market — and save millions of lives.

Read More >

Disrupting the Benefits Business

Rosaline Chow Koo ’88, who will attend the School’s Pan-Asian Reunion in October, has launched Asia’s first employee-benefits big data startup.

Read More >

Borrowers Beware! When It Comes to Business Loans and Defaults, Not All State Laws Are Created Equal

Columbia Business School study finds that New York’s tough contract laws make it the most favorable state for lenders

Read More >