“Fit to Command, Qualified to Advise and Capable to Plan”

Bilateral Agreement (Military)

1

ROK-US Military Alliance and Expansion of Defense Diplomacy and Cooperation

Framework Activities

April 2008: Agreed to strengthen relationship into an ‘Inclusive Strategic Alliance in the 21st Century‘

Contribute to peace and security at regional and global levels.

June 2009: Adopted the ‘Joint Vision for the ROK-US Alliance’

• extended deterrence to NoKor’s threat in the region

• maintain a strong combined defensive posture in the Korean Peninsula

• maintain a close mutual cooperative structure under the principle of complete and verifiable abandonment of NoKor’s nuclear weapons project

• talks to respond to global challenges, such as the proliferation of WMD, terror, piracy, organized crime and drugs, climate changes, poverty, infringement of human rights, energy security and contagious diseases.

“Fit to Command, Qualified to Advise and Capable to Plan”

Bilateral Agreement (Military)

2

ROK-US Military Alliance and Expansion of Defense Diplomacy and Cooperation

Framework Activities

November 2009: '2 plus 2 Talks‘ exercises a suppressive strategy against North Korea; firmly warning NoKor against additional provocative actions thru financial sanctions and massive ROK-US combined maritime exercises.

June 2010: ROK and US presidents agreed to the stable management of security on the Korean Peninsula,

assurance of an internally stable wartime OPCON Transition, and the deferral of the wartime OPCON Transition from April 17, 2012, to the end of 2015, in order to alleviate national concerns regarding security issues.

Talks to return US Force to Korea bases back to ROK

a total of 47 US bases, with an area of approximately 138 million m2 have been returned to Korea

“Fit to Command, Qualified to Advise and Capable to Plan”

Bilateral Agreement (Trade)

3

ROK–US Free Trade Agreement (FTA)

o Provided new market door and level the playing field for US auto makers in ROK

o Almost 80% of US exports to Korea of consumer and industrial products will become duty free within 5yrs of that date

o For agricultural products, the FTA will immediately eliminate tariffs on a broad range of products, with almost 2/3 (by value) of Korea's agriculture imports from the US becoming duty free

o June 2007: US and ROK signed the Trade Agreement (KORUS FTA)

o In the area of financial services, the FTA will increase access to the Korean market and ensure greater transparency and fair treatment for US suppliers of financial services.

o As the first U.S. FTA with a North Asian partner, the KORUS FTA is a model for trade agreements for the rest of the region, and underscores the US commitment to, and engagement in, the Asia-Pacific region.