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The document summarizes the economic relationship between the United States and South Korea. It notes that South Korea is a major economic partner for the US, being its 7th largest trading partner. The two countries have increased economic interactions but also numerous trade disputes. Since South Korea's 1997 economic crisis, it has enacted market reforms which has helped manage trade disputes with the US in a less acrimonious manner. The report provides an overview of South Korea's economy, reforms, and trade issues between the two countries.
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