Korea at Trade Surplus with US
kpride, July 7, 2014, 9:13 a.m.
Korea's cumulative trade surplus with the U.S. reached US$137 billion from 2000 to the first quarter of this year. The U.S. Department of Commerce said that apart from a deficit of $200 million in January 2000, every quarter in the 15-year period was in the black for Korea.
Economic experts attribute the ongoing surplus to the popularity of Korean automobile and IT products in the U.S., but they worry a continued imbalance could result in excessive appreciation of the won against the dollar.