U.S. International Trade Commission COMMISSIONERS Daniel R. Pearson, Chairman Shara L. Aranoff, Vice Chairman Deanna Tanner Okun Charlotte R. Lane Irving A. Williamson Dean A. Pinkert Robert A. Rogowsky Director of Operations Robert B. Koopman Director of Economics Address all communications to Secretary to the Commission United States International Trade Commission Washington, DC 20436 U.S. International Trade Commission Washington, DC 20436 www.usitc.gov U.S.-Korea Free Trade Agreement: Potential Economy-wide and Selected Sectoral Effects Investigation No. TA-2104-24 Corrected printing March 2010 Publication 3949 September 2007 This report was prepared principally by Project Leader Nannette Christ
[email protected] Deputy Project Leader Queena Fan
[email protected] Office of Industries Lisa Ferens Alejandro, Jennifer Baumert, Laura Bloodgood, Joanna Bonarriva, William Chadwick, Roger Corey, Alfred Dennis, Eric Forden, John Fry, Erland Herfindahl, David Ingersoll, Cathy Jabara, Christopher Johnson, Joseph Kowalski, Katherine Linton, Dennis Luther, Brendan Lynch, Timothy McCarty, Deborah McNay, Erick Oh, Joann Peterson, Laura Polly, John Reeder, Mark Simone, Philip Stone, and Robert Wallace Office of Economics Nancy Bryan, Robert Feinberg, Michael Ferrantino, Alan Fox, William Powers, and Edward Wilson Office of Tariff Affairs and Trade Agreements Janis Summers Primary Reviewers Cathy Jabara and James Stamps Office of Investigations, Statistical Services Division Barbara Bryan Administrative Support Monica Reed and Pat Thomas Supporting assistance was provided by: Robert Blakey, Brian Bombassario, Nick Grossman, Dean Gudicello, Gerald Houck, Stacy Ma, and Ioana Mic Under the direction of Arona Butcher Chief, Country and Regional Analysis Division CONTENTS Page Abbreviations and Acronyms ............................... xi Executive Summary ............................................ xvii Overview.........................................................