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Maroc Maroc - WN.COM - World - 20/Nov 02:07

Concerns raised over South Korea's agreement with US

Despite the reduced economic uncertainty following South Korea's signing of the $350 billion investment memorandum of understanding with the United States, concerns remain over a potential industrial hollowing-out and the long-term impact of the deal. "It is a significant amount," Kim Tae-hwang, a professor of international trade at Myongji University in Seoul, told China Daily. The pact was signed in return for lower US tariffs on South Korean exports, Yonhap News Agency reported on Nov 14. The US and South Korea will initially split profits from joint projects equally until both receive their allocated amounts....

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