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Moon: KORUS FTA Benefits Both Countries

Written: 2017-09-21 09:06:54Updated: 2017-09-21 10:50:28

Moon: KORUS FTA Benefits Both Countries

Anchor: On the sidelines of the UN General Assembly currently under way in New York, President Moon Jae-in met with business leaders and investors and reiterated that the South Korea-U.S. free trade agreement is beneficial to both sides. He also addressed growing security concerns regarding North Korea’s missile and nuclear weapons threats.
Our Bae Joo-yon has this report.
 
Report: President Moon Jae-in has stressed that the South Korea-U.S. free trade agreement(KORUS FTA) benefits both countries, calling for a fair evaluation of the reciprocal benefits of the deal.  
 
The president made the call on Wednesday during a meeting with U.S. business leaders and investors in New York on the sidelines of the UN General Assembly.
 
Recalling that Seoul and Washington recently launched talks to amend the FTA, Moon said maintaining the deal would provide a positive environment for U.S. businesses seeking to enter the Korean market.
 
[Sound bite: President Moon Jae-in (Korean)]
"South Korea will take part in the negotiations sincerely. But we hope that the reciprocal benefits of the KORUS FTA are assessed properly." 
 
The president also addressed security concerns in the market about the North Korean nuclear and missile provocations, saying that South Korean stock and foreign exchange markets continued to grow despite the North's sixth nuclear test staged September third.
 
Moon urged U.S. businesses to invest in South Korea, saying that if North Korea abandons its nuclear and missile programs and engages in dialogue, South Korea will emerge as a very attractive place for investment.
 
[Sound bite: President Moon Jae-in (Korean)]
"I can confidently say that now is the time to invest in the South Korean economy which is taking off again." 
 
The president reassured that the South Korea-U.S. alliance remains ironclad and the allies are maintaining close cooperation in their responses to the North’s nuclear and missile provocations. He added that the South Korean economy is making solid growth without being affected by the risk of Pyongyang’s nuclear threats.
 
Wednesday's meeting involved some 200 U.S. business leaders, including Lloyd Blankfein, chairman of Goldman Sachs, and Jamie Forese, president of Citigroup.
Bae Joo-yon, KBS World Radio News. 

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