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Exporting its cultural assets is a booming business for Korea, and the figures are increasing annually. K-Pop and the Korean Wave don't only benefit Korea, however, but are generating plenty of revenue for the American entertainment industry as well.
On January 23rd in Washington, representatives of the US and Korean governments signed an agreement on environmental cooperation that is intended to be a partner agreement to the Korea-US Free Trade Agreement ratified last year.
Over 1.1 million South Korean tourists and travelers—a record number—came to the United States in 2010, injecting more than $3.4 billion into the US economy, an increase in revenue of 30 per cent over the previous year.
The past ten years have seen ever increasing bilateral goods trade between the United States and South Korea. Both developed economies have successfully increased their bilateral merchandise exports while simultaneously decreasing their balance of trade.
The town of Palisades Park, New Jersey, sits close to the George Washington Bridge, one of the main commuter thoroughfares into New York. Until the 1980s, the town was mostly Italian-American, with inexpensive houses and its share of vacant storefronts and buildings. But now, Korean...
According to recently released figures from the US Bureau of Economic Analysis (BEA), Southeast Asian foreign direct investment (FDI) in the United States is making a recovery from the effects of the Global Financial Crisis. While Southeast Asia’s FDI stock in the United States declined...

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