South Korea to Lift Trade Barriers with U.S., Potential for Increased Imports

South Korea and the United States have announced a major step forward in their bilateral trade relations, removing key barriers to commerce. President Han Duck-soo spearheaded these negotiations, following the impeachment of former president Yoon. The agreement aims to ease long-standing trade imbalances. Key government officials, including Trade Minister Cheong In-kyo and industry minister Ahn Duk-geun, have been deeply engaged in discussions with U.S. counterparts, including Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer.