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Beyond the U.S.-Republic of Korea Alliance: Reinvigorating Economic Relations

Recorded on May 19, 2005

Location: The Heritage Foundation's Lehrman Auditorium

In recent years, increasing anxiety about the future of the US-South Korea alliance and security relations has raised concerns both in Washington and Seoul. Yet, it is undeniable that today, the two allies have more in common than even before during their half century long relationship, including shared value of open markets, free trade, democracy, and respect for the rule of law. With South Korea becoming more vibrant market-oriented democracy, economic relationship between the two nations continues to remain strong. The economic partnership becomes more important to both countries as one of the pillars underpinning the US-South Korea alliance.

The foundation of this economic partnership between the two countries has been constant interactions among people who share values of free market system and democracy. The US-Korea Free Trade Agreement will strengthen and solidify the foundation.