Trade Deal Archives | Be Korea-savvy

Global Banks See Seoul-Washington Trade Deal Boosting Korean Markets

SEOUL, Oct. 31 (Korea Bizwire) – Global investment banks assessed Friday that the trade deal reached between Seoul and Washington this week has eased uncertainties and is expected to provide an upward momentum to the South Korean stock market. On Wednesday, U.S. President Donald Trump agreed to reduce “reciprocal” tariffs on South Korea to 15 [...]

Hyundai, Kia Hail U.S. Tariff Cut as South Korea Finalizes Trade Deal

SEOUL, Oct. 29 (Korea Bizwire) — South Korea’s auto industry breathed a sigh of relief on Wednesday after the United States agreed to lower tariffs on Korean vehicles, a move that removes a major trade irritant and strengthens a deal underpinning Seoul’s $350 billion investment pledge in the American economy. The announcement followed a summit between [...]