Little change seen in Korea auto trade

Mar 22, 2012 | 01:50 PM |

Tags  Korea free-trade agreement, Byoungwoo Lee, Korea Iron and Steel Association

SHANGHAI, China — The free-trade agreement between the United States and South Korea is unlikely to bring any significant immediate boost for the Korean automotive industry, according to the top executive at the Korea Iron and Steel Association.

"I don’t think it’s going to impact our automotive sector immediately. It will take a few years until all the tariffs are phased out," Byoungwoo Lee, managing director of the association, told AMM on the sidelines of the 10th International Steel Market and Trade Conference hosted by the China Iron and....

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