By : Stephanie Nguyen
Population : 49,039,986
The largest export ( $59.5 )
The largest imports ( $88.1 )
South Korea Currency
Name of currency : South Korean Won
US Dollar .00085 = SK Won 1
Vietnam 18.93 = SK Won 1
Pros and Cons of SK trades
Over two years South Korea's trade surplus with U.S has risen from $12 billion to $20 billion
Cons : In Korea's case, dirt-cheap American agricultural products, most importantly California rise flooded the Korean market, thereby putting the nail in the coffin for the Korean agricultural sector.
There has been a huge decrease in demand for Korean rice, Korean beef, Korean soybeans, Korean vegetables and fruits and even Korean canned products.
Other countries can benefit from trading with South Korea by getting Korean products and foods.
"European Commission Directorate-General for Trade." South Korea. N.p., n.d. Web. 18 May 2016.