Financial news
Home
Knowledge Hub
U.S. calls for better access to Korean market, South Korean trade minister says
2025-03-17 09:05:39

By Hyunjoo Jin


SEOUL (Reuters) - The United States has called for better access to the Korean market, particularly in the agriculture and technology sectors, South Korea’s trade minister said on Sunday.


Trade Minister Cheong In-kyo was returning from a trip to Washington where he asked his U.S. counterpart, Jamieson Greer, to exempt the country from tariffs if they go into effect in April.


But he expected U.S. President Donald to go ahead with announcing tariffs on April 2 as scheduled, especially on countries like South Korea which have trade surpluses with the United States.


U.S. officials did not mention beef specifically, but they said Korea needs to take action in terms of sanitary and quarantine measures, Cheong said, also citing regulations on technology firms - areas that they said make access to the Korean market challenging, the minister added.


South Korea, one of the top importers of U.S. beef, has allowed imports of U.S. beef since 2008, but only from animals less than 30 months old, due to public concerns about mad cow disease. The restriction was cited as one of the trade barriers to South Korea in a U.S. report.


Greer also warned of the approach by Korea and the European Union to regulating U.S. technology companies, during a Senate confirmation hearing in February.


CREATE ACCOUNT

×
1
Personal Identification
2
Address Verification
3
Employment & Financial Profile
4
Trading Experience & Risk Awareness
5
Professional Account Eligibility
6
Source of Funds & Compliance
7
Corporate Entity Information
8
Review & Submit

Personal Identification

Please enter a valid email address.
Please enter a valid phone number.
Your password must be 6-20 characters long, contain letters, numbers and special characters, and must not contain spaces or emoji.
Password not match.
This field is required
This field is required
This field is required
This field is required
This field is required
This field is required
This field is required
This field is required
This field is required

Address Verification

This field is required
This field is required
This field is required

Employment & Financial Profile

This field is required
This field is required
This field is required
This field is required
(excluding property) (USD)
This field is required

Trading Experience & Risk Awareness

This field is required
This field is required
This field is required
This field is required

Professional Account Eligibility (Optional)

Source of Funds & Compliance

This field is required

Corporate Entity Information

Complete this section only if you're opening a corporate account

Review & Submit

Please review all information carefully before submitting. You can go back to any step to make changes.
This field is required
This field is required
This field is required

Registration Successful

Your account has been created successfully!