U.S., S. Korea reach deal on auto trade Ford will back - Drive On: A conversation about the cars and trucks we drive

While Korean automakers are selling hundreds of thousands of cars in the U.S., U.S. automakers aren't experiencing nearly the same level of success in South Korea, where Korean brands dominate more than 97% of the domestic market.  This has long been a sore point for U.S. automakers and unions, who argue that the U.S. market is too open for Korean exports while the Korean market remains relatively close.  The proposed U.S.-Korea Free Trade Agreement may solve these problems, and negotiators have come to agreement on a key number of points that may see more U.S. cars in South Korea soon.

U.S., S. Korea reach deal on auto trade Ford will back - Drive On: A conversation about the cars and trucks we drive - USATODAY.com

Free-Trade Pact With South Korea Still Not Finished

At the G20 summit meeting in Seoul, President Obama failed to reach an agreement with South Korea over the last two sticking points in a proposed US-Korea Free Trade Agreement.  The sticking points are autos and beef, both of which face a tough time in the Korean market.  Both sides have set themselves a deadline of weeks (not months) to finalize a deal that may mean better market access for Ford to the South Korean market.

Free-Trade Pact With South Korea Still Not Finished - NYTimes.com