Korea-U.S. FTA opens new doors for U.S. pharmaceutical firms

The Korea-U.S. Free Trade Agreement (KORUS FTA) was finally approved by Korea’s National Assembly on Tuesday after years on the backburner.

The initial negotiations were concluded on April 2, 2007 and the accord was signed on June 30 after two rounds of additional talks. However, the process of implementing the pact stagnated for more than three years faced with stiff opposition from certai...