[By NBC-1TV H. J Yook]The American Chamber of Commerce in Korea today applauded ratification of the United States-Korea Free Trade Agreement ("KORUS FTA") by the Korean National Assembly.

"The American Chamber of Commerce in Korea has been a part of Korea’s economic miracle since 1953 and is tremendously proud that our two nations have entered a new era of economic cooperation through the KORUS FTA,” said Pat Gaines, AMCHAM Korea Chairman. “AMCHAM will continue to partner with Korean companies and consumers for the next 60 years and beyond as the Korean economy continues to flourish. We will work tirelessly with our U.S. and Korean public and private sector partners to ensure the agreement creates many new jobs and spurs economic growth in both countries through increased trade and investment.”

“With the ratification of this historic free trade agreement, transparency, consistency and predictability will become greater strengths of the Korean economy, and will help draw many more investors to Korea,” said Amy Jackson, President of AMCHAM Korea. "We are looking forward to working with the U.S. and Korean business communities and governments to ensure U.S. and Korean companies - both large and small - enjoy the benefits of this FTA."

AMCHAM Korea has been a long-standing and vocal supporter of the KORUS FTA. Each year since the agreement was signed, AMCHAM has sent several delegations to Washington D.C. to meet leading policy makers from the Administration and the U.S. Congress to advocate the benefits of the agreement to both economies.