agent Entrepreneur logo
MenuMENU
SearchSEARCH

U.S., South Korea to Hold More Auto Trade Talks

November 29, 2010
2 min to read


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.

Ad Loading...


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.

Ad Loading...


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

Group photo of men outside storefront.
Industryby Hannah MitchellMay 28, 2026

Pennsylvania Dealership Under New Retailers

The sale of the Chrysler Dodge Jeep Ram store puts a family auto group on a leaner path as first-time dealers take the helm.

Read More →
Hallway with lockered wiring and computer
Industryby Lauren LawrenceMay 28, 2026

Battery Storage Takes Priority Over EVs

U.S. automakers are prioritizing battery energy stationary storage over electric-vehicle production as the consumer demand for EVs lags the rest of the world.

Read More →
Gray-scale photo of a line of Mini cars in a dealership parking lot
Industryby Hannah MitchellMay 27, 2026

Auto Dealers Feel Better But Not Great

A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.

Read More →
Ad Loading...
Closeup photo of the front of a white car
Industryby Hannah MitchellMay 21, 2026

New-Vehicle Sales Picture Relative

A May forecast is complicated by last spring’s trade tariff effects on auto retail. Despite continued hard realities, many consumers took advantage of ways to bite the bullet.

Read More →
Nissan logo on front of building
Industryby Lauren LawrenceMay 21, 2026

Auto Group Acquires Third Nissan Rooftop

Iowa-based Coleman Automotive Group recently acquired its seventh dealership, McGrath Nissan, which it renamed Nissan of Elgin.

Read More →
Couple talking with auto salesman next to new car inside dealership
Industryby Hannah MitchellMay 20, 2026

April Less Affordable

Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.

Read More →
Ad Loading...
Wooden people figures of different colors in a row, similar to board game pieces
IndustryMay 20, 2026

Building an Extraordinary F&I Agency

Work to determine your specialized talent, because that fact will determine everything about your agency’s future.

Read More →
Ingredient card, policies and procedures, fixed operations, variable operations, data security, audit
Industryby Jim GantherMay 19, 2026

Recipe for Compliance

The secret to both amazing barbecue and compliance is the same: understanding the basics and committing to a process.

Read More →
Photo of new Chevrolet Bolt parked on a beach
Industryby Hannah MitchellMay 14, 2026

EVs Getting More Attractive

A growing percentage of U.S. consumers are open to switching and fewer are adverse to the idea, according to a recently completed survey. That’s despite the end of a tax break.

Read More →
Ad Loading...
Benchmark bar graph showing April 2026 EV Sales
Industryby Lauren LawrenceMay 14, 2026

EV Sales Drop in April Following Surge

North American electric-vehicle sales were down 28% year-over-year, a sharp contrast from global EV sales growth of 6%.

Read More →