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

Events

April 8, 2014

The ‘History Problem’

April 23, 2014

My Fight for a New Taiwan: One Woman's Journey from Prison to Power

April 25, 2014

Culture and Everyday Life in North Korea

The Curl Ideas to wrap your mind around

Is Australia on the Wrong Track?

Australian Prime Minister Tony Abbott has defended many of his government’s reforms by invoking the American model of cutbacks on spending.

Read More >

Wounded Warrior Project: Leading from the Front

As the WWP entered its second decade, what governance policies and practices would ensure its continued success?

Read More >

Wei Jiang Named Director of Chazen Institute

Wei Jiang, the Arthur F. Burns Professor of Free and Competitive Enterprise in the Finance and Economics Division, has been appointed Director of the School’s Jerome A. Chazen Institute of International Business.

Read More >

Sharp Electronics in 2013

In 2013 Sharp Electronics shareholders expressed their outrage in the face of the company’s unmet technological challenges, plunging share price, and governance missteps. To turn Sharp around, President Kozo Takahashi would be forced to undo decisions that his predecessors had made and break with past traditions concerning Sharp’s corporate governance. Would Takahashi be successful in steering Sharp away from insolvency and towards a more competitive position in the worldwide consumer electronics industry?

Read More >

Are You Seen as a Jerk at Work? A New Study Reveals That Many People Are Oblivious to How They Come across to Counterparts and Colleagues

Columbia Business School research highlights the disconnect between peoples’ own views and their counterparts’ views of their assertiveness—and the impact it can have on negotiations

Read More >

New Insights on the Factors That Intensified the 2008 Financial Crisis

Columbia Business School study says analysts’ concerns about fair value accounting clouded the already murky waters, fueling the crisis

Read More >

Beyond China: Where Asian Growth Is

For investors and deal-makers, there is ample opportunity beyond China and India said Changyong Rhee of the IMF at a recent Chazen Institute event.

Read More >

Time Warner Restructures

What were the strategic implications of Time Warner’s plan to spin off Time Inc.?

Read More >

Columbia Business School Entrepreneurs Enter the Shark Tank

Read More >