In support of the pending trade agreement between the U.S. and South Korea, the heads of these countries Obama and Lee Myung-bak will be visiting the Detroit area together on Oct. 14, according to two administration officials. Lee, who will be in the U.S. that week for an official state visit, will be having dinner at the White House on Oct. 13.
These officials didn’t say if the leaders will be going to auto plants or if they will be making other trips. A source said that Obama and Lee will be discussing the pending U.S.-South Korea free trade deal and how the two countries will benefit from the expanded economic opportunities.
The White House had sought better terms in the South Korea accord to win over Ford Motor Co. and auto workers, who protested that the deal was unable to tear down the longtime obstacles in that market while the U.S. is opened up to receive more imports, says BusinessWeek. In 2010, Ford ran a full-page newspaper ad to criticize the unfair automotive trade between the U.S. and South Korea.
In this ad, we see a single blue car with numerous red cars. It came with this text: “For every 52 cars Korea ships here, the U.S. can only export one there.” The ad appeared in November 2010 in over 20 newspapers. Due to the 2001 purchase of Daewoo Motor Corp., General Motors produces, sells, and exports almost 2 million vehicles in South Korea.