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U.S. Seen As Economic Threat in S. Korea

Tuesday July 4, 11:55 am ET
By Kelly Olsen, AP Business Writer

Institute Says South Koreans Likely to Be More Receptive to Free Trade Deal With EU Than U.S.

SEOUL, South Korea (AP) -- South Koreans are likely to be more receptive to a free trade agreement with the European Union than the United States, a country some perceive as an economic threat, the head of a government-backed research institute said Tuesday.

"The fact is that the Korea-U.S. FTA is creating high-level emotional reaction from many Korean people," said Lee Kyung-tae, president of the Korea Institute for International Economic Policy. "So we have to deal with this. But I see a lesser reaction for a Korea-EU FTA."

Meanwhile, a major union threatened a partial strike for next week that could see several hundred thousand people temporarily stop work to express their opposition to a proposed free trade agreement with the U.S.
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