Tag - Korea-US trade

Report says Korea-US trade mutually beneficial

South Korea continues to profit from its bilateral trade with the United States, but its trade surpluses largely come from outbound shipments of intermediate goods needed by US manufacturers to produce their own finished goods, making their trade both complementary and mutually beneficial, a report said Wednesday. According to the report from the Korea International Trade Association, intermediate products accounted for 46.3 percent of overall South Korean exports to the US in 2015, when such goods accounted for only about [...]