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Imbalance in car trade irrelevant to KORUS FTA: official
SEOUL, Dec. 10 (Yonhap) -- The imbalance between U.S. and South Korean auto sales in each other's markets should have no bearing on the bilateral free trade agreement (FTA) waiting ratification, a senior Seoul official said Wednesday.
Trade Minister Kim Jong-hoon said that although critics have pointed out that South Korea sells 700,000 vehicles in the U.S. annually, while the U.S. sells only 5,000 cars in South Korea, the comparison is inappropriate since the imbalance between the U.S. and Japan is even greater.
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