- Apr 24, 2018 -
China News Service reported on April 17th, according to Korean media reports, that Jin Yongzhu, president of the Korea Trade Association, who visited the United States together with the non-governmental economic envoy delegation, was in the United States on the 16th with a Deputy Trade Representative from the US Trade Representative Office (USTR) Jerry. The meeting of Jeffrey Gerrish conveyed the worries of the Korean steel industry.
According to reports, Kim Yong-chu stated in the meeting that the two countries reached a satisfactory agreement on the revised content of the bilateral free trade agreement and that the uncertainties were eliminated. As a result, companies of the two countries could establish more stable long-term trade and investment strategies.
However, Kim Yong-chu pointed out that South Korea’s companies are concerned about Trump’s indication that it will postpone the final agreement between South Korea and the United States. Kim Yong-chu hoped that the revised agreement between the ROK and the US will be successfully concluded and the new agreement will take effect as soon as possible.
It is reported that during the visit to the United States, the South Korean economic mission delegation also met with John H Hamley, president of the Center for Strategic and International Studies of the United States (CSIS), and vice president of the American Heritage Foundation.
The economic delegation to visit the United States includes major companies such as Samsung Electronics, Hyundai Motor, POSCO, POSCO Daewoo, Shima Steel, Hyosung, SK Gas, as well as export companies and steel associations and semiconductors such as Fengshan and Mando. Associations and other industry groups.