US, South Korea Pledge Frequent Meetings to Fully Implement KORUS

U.S. and South Korean trade delegations will meet often in early 2015 to iron out the outstanding issues in U.S.-South Korea Free Trade Agreement (KORUS), the Office of the U.S. Trade Representative said on Dec. 14 (here). USTR chief Michael Froman met with South Korean Trade Minister Yoon Sang-jick on that day to monitor progress in implementation. The talks focused on auto issues and financial services, said USTR. The agency previously complained about insufficient progress on reforming KORUS customs provisions for U.S. auto exports, saying the South Koreans continue to require excessive, trade-inhibiting documentation (see 14031425).