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Korea’s National Assembly ratifies revised KORUS FTA 2018-12-14
The Ministry of Trade, Industry and Energy announced that the Korean National Assembly ratified the revised Korea-U.S. free trade agreement (KORUS FTA) on December 7.

The Korean government submitted a bill for the ratification of the revised KORUS FTA to the National Assembly on October 12.

Now that the domestic procedure for implementing the deal is complete in Korea, the Korean government will discuss with its U.S. counterpart for the revised KORUS FTA to take effect on January 1, 2019.