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

Kia Closes Out Summer With a Bang
Its U.S. subsidiary broke multiple records in August, in part due to a surge of demand for hybrids models.
Read More →
Indiana Dealership Changes Hands
A 30-year-old Ford dealership in Indiana has a new owner and will soon be undergoing renovations to meet manufacturer requirements.
Read More →
Texas Dealership No Longer in the Family
The Ford store, a longtime cornerstone of the Houston market, is now part of one of the fastest-growing U.S. auto groups.
Read More →
Genesis Grows California Presence
The Cardinale Automotive Group opened its third Genesis rooftop in the Golden State, Genesis of San Bruno, a stand-alone dealership serving the San Francisco Bay Area.
Read More →
August Auto Sales a Mixed Bag
An early forecast shows strong business despite consumer hurdles, and hybrids are a big piece of their affordability coping strategy.
Read More →
EV Market Humming Along
July sales show steady growth as the segment stabilizes from last year’s artificial surge following pullback of federal support.
Read More →
Auto Loan Delinquency Rates Stabilize
Auto loans are a main driver of nonmortgage consumer debt, but delinquency rates stabilized in the second quarter across all credit risk tiers.
Read More →
EV Sales Recover in Q2
The EV sales roller coaster continues as numbers show improvement, but industry experts predict a year-over-year third-quarter decline and fourth-quarter jump.
Read More →
The Cheapest Hybrids to Fuel
The powertrain is increasing in popularity, in no small part due to its fuel economy. A new report lists the most efficient hybrids on the market.
Read More →
Hybrids and SUVs Gaining Ground
The most recent Kelley Blue Book Brand Watch found that only two nonluxury brands increased in shopper consideration, buoyed by their hybrid and SUV offerings.
Read More →