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Article: SOUTH KOREA, THE BARRIER ECONOMY
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- March 29, 1987
- Author:
CopyrightCopyright 1987 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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SEOUL - Don't blink, or you might miss the latest trade
concession made by the East Asian dynamo that hauled home a $7.5
billion trade surplus from the United States last year.
After July 1, South Korea -- the country that brings you
Hyundai cars, Daewoo computers and Samsung video recorders -- will
drop its import ban on cranberry juice, lemon juice and, partially,
on alfalfa pellets.
In case that's not enough to mollify trade warriors in the US
Congress, South Korea is throwing in an extra, opening its doors to
foreign automobiles over 2000 cc. The only catch: Tariffs and taxes
will add about 200 percent to the price of an imported car. And any
South Korean rash enough to buy one, ...