Today, Tuesday, November 22, Korea’s National Assembly ratified the U.S.-Korea free trade agreement (KORUS). The agreement passed by a vote of 151-7, with all 14 KORUS implementation bills approved as well. The announcement was applauded by many in the U.S. and Korean business communities who championed the FTA since it was first announced in 2006.
Following today's vote in Korea’s National Assembly, U.S. officials anticipate KORUS implementation will take place in early 2012.