U.S., South Korea to Hold More Auto Trade Talks
WASHINGTON - Top U.S. and South Korean trade officials will meet in Columbia, Maryland, on Tuesday and Wednesday to try again to resolve differences blocking U.S. approval of a free trade agreement, U.S. officials said.
It will be the first meeting between U.S. Trade Representative Ron Kirk and South Korean Trade Minister Kim Jong-hoon since the two sides failed at the Group of 20 summit last month in Seoul to meet a self-imposed deadline for reaching a deal on outstanding beef and auto trade concerns, Reuters reported.
Both sides have said they remain optimistic of resolving the issues, which mainly involve U.S. auto industry complaints about tax and regulatory barriers that they say thwart sales of American cars in South Korea.
President Barack Obama's administration also is believed to want to change the terms of car and truck tariff concessions the United States made to South Korea, so that they would be phased out more slowly than both sides agreed in 2007.
Some lawmakers and beef groups also want Seoul to commit to a process to remove remaining barriers to U.S. beef exports, consistent with international food safety guidelines.
South Korea has been adamant its remaining beef import restrictions, which stem from the discovery of the first case of mad cow disease in the U.S. herd in 2003, are not up for negotiation. Seoul has also indicated it wants new concessions from the United States to offset any changes that it agrees to make to the auto provisions of the pact.
The two allies' renewed effort on the trade deal comes one week after a North Korean military strike on a South Korean island has raised tensions on the peninsula the two countries share to their highest in at least two decades.
U.S. and South Korean warships, in a show of unity and force, held military exercises on Monday, prompting concern from China and threats of all-out war from North Korea.
More Industry

Autos More Appealing
Consumers gave new cars better scores again this year for design, performance and more as mass-market brands kept gaining on premium lineups, JD Power found in an annual poll.
Read More →
Used EVs Defy Overall Market
While the used-car market saw three months of price declines or stagnation, the used EV segment did the opposite – rising for three straight months.
Read More →
Gone to the Dogs
A Stellantis brand decided to have some fun with one of its SUVs’ design to address growing emphasis on family pets.
Read More →
OEM Poll Sees Industry Evolution
Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.
Read More →
Luxe N.C. Dealerships Change Hands
A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
Read More →
Exposure Drives Interest in Chinese Cars
At a recent demonstration, consumers had the chance to ride in a Chinese-branded vehicle, a firsthand experience that improved their perceptions and purchase intent.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Agent Advocate
Rob Mancuso, who comes from a long line of auto dealers, values general agents’ place in the industry and makes a case for them taking an even bigger seat at the table.
Read More →
Driving Under Distraction
Though consumers gave higher marks to new vehicles in JD Power’s most recent initial-quality poll, high-tech interference worsened, pointing to craving for simplicity.
Read More →
Affordable New Cars a Thing of the Past
More than one out of five new vehicles sell for more than $60,000, according to Edmunds. That's up 7% compared to prepandemic 2019.
Read More →