Following an extensive battle in parliament， Korean lawmakers finally gave the greenlight
to a bilateral free trade agreement with China... JUST in time for it to take effect this year.
What will a free trade pact with the world′s second largest economy and Korea′s largest
trading partner mean？ The pros and cons？ I have with me Dr. Kim In－chul， Professor
of Economics at Seoul－based Sungkyunkwan University.
Professor Kim， good to have you with us.
In addition to what I′ve just mentioned， the ratification of the Seoul－Beijing trade
deal means Korean businesses can now more easily reach the 1－point－3 billion consumers
in China. In its entirety， when the deal takes effect，
how would that be translated and reflected in the Korean economy？
What should the Korean government and or Korean businesses do to make the most out of this
mega bilateral free trade deal？ China′s yuan has joined the global benchmark
currency basket. Would this have any impact on Korea′s trade with China？ Positive
or negative？ Kim In－chul， Professor of Economics at
Sungkyunkwan University.... thank you， indeed， for your insights tonight.