south korea

South Korea Driving Recent Surge in U.S. Beef/Pork Exports

Dan Beef, Exports/Imports, Industry News Release, Pork

For the past year, South Korea has been one of the top global markets for U.S. beef and pork exports. The South Korean director for the U.S. Meat Export Federation says the American beef industry has been very successful in restoring consumer confidence in U.S. beef. Many Korean restaurants and retailers that were once reluctant to carry U.S. beef now …

korus

KORUS Talks Set for Washington This Week

Dan Industry News Release, Trade

The U.S. and South Korea will hold formal trade talks starting Friday regarding the Korea-U.S. Free Trade Agreement, known as KORUS. Officials from Korea and the U.S. will meet in Washington, D.C. Friday to discuss “potential amendments and modifications” to the five-year-old deal, according to Politico. The two nations met last year to discuss concerns surrounding the trade agreement as …

korus

Efforts Moving Ahead to Modernize KORUS

Dan Industry News Release, Trade

Efforts by the U.S. and South Korea are moving ahead to modernize the 2011 Korea-U.S. Free Trade Agreement, or ‘KORUS,’ a key trade agreement for the U.S. pork and beef industries. The South Korean government sent its parliament a plan to renegotiate KORUS and announced it’s ready to start talks. The White House must tell Congress it plans to launch …

farmers

Farmers Discuss Trade with South Korea

Dan Exports/Imports, Industry News Release, Trade, Wheat

U.S. farmers travelled to South Korea recently to ensure the importance and willingness to continue trade between the two nations. South Korea is a top destination for U.S. corn. The U.S. and South Korea are considering a renegotiation of KORUS, The U.S.-Korea Free Trade Agreement. U.S. Grains Council Chair Deb Keller says that as those talks continue, South Korea also …

renegotiate

Korea Submitting Plan to Renegotiate KORUS

Dan Industry News Release, Trade

South Korea trade officials announced Monday the government will submit a plan to renegotiate the U.S.-Korea Free Trade Agreement (KORUS) to the nation’s National Assembly government body. South Korea’s Trade Minister met with officials from 20 ministries and government regarding KORUS, and the plans to renegotiate the trade agreement. A senior trade official told the Korea Herald newspaper: “We hope …

usgc

USGC, NCGA Reiterate Support for KORUS, NAFTA

Dan Industry News Release, Trade

Leadership from the U.S. Grains Council (USGC) and National Corn Growers Association (NCGA) last week spent time in South Korea and Mexico to talk trade. The two organizations met with customers and government officials during what they call a period of policy uncertainty in the U.S. corn industry’s top markets. Mexico is the top purchaser of U.S. corn, while South …

south korea

South Korea To Hold KORUS Public Hearing

Dan Industry News Release, Trade

South Korea will hold a second public meeting regarding the U.S.-Korea Free Trade Agreement, known as KORUS. The meeting was announced after the first public meeting was disrupted by angry farmers and livestock breeders, according to the Korea Herald, a Korea-based newspaper. The second public hearing taking place Friday (today) allows Policymakers, trade experts and citizens to take part in …

korus

South Korea Minister Says No Concessions in Farm-Sector KORUS Discussions

Dan Industry News Release, Trade

The South Korean trade minister says his country will not take a step backward in the upcoming discussions on updating the South Korean – U.S. free trade deal, known as KORUS. The Korean Herald Dot Com says he told reporters that the government is taking a “strong stand on the agriculture sector and will not retreat any further.” This was …

trade deal

South Korea Looking at New Trade Deal with the Eurasian Economic Union

Dan Industry News Release, Trade

South Korea’s trade minister met with Russian officials this week in order to lay the groundwork for a new free trade deal with the Eurasian Union. The move comes amid increasing pressure from the U.S. to renegotiate the South Korean – American trade deal, known as KORUS. The South Korean Trade Minister met with the CEO of a state-owned banking …