Korea`s trade deficit for medicine surges after FTA with the U.S.

Korea`s trade deficit in medicine with the United States has surged since the signing of a free trade agreement (FTA) last year, with its imports growing at a much faster pace than exports.

According to the report by the state-funded Korea Health Industry Development Institute, Asia's fourth largest economy posted a $1.66-billion trade shortfall in drugs with the U.S, from April 2012 to Sept...