Super 301"s Impact on Korea

The government expects that the revival of the U.S. Super 301 trade clause will not have an immediate effect on the Korean economy, but, in the long run, trade friction between the U.S. and Korea will possibly worsen.
The Ministry of Foreign Affairs and Trade(MOFAT) predicts that the target of the article's unsheathing is Japan and it will not be directly applied to Korea.
The Ministry of Commerce, Industry, and Energy(MOCIE) also expects that Super 301 will not have much of an impact on Korea although the U.S. and Korea must settle some trade issues including steel, pharmaceutical products, beef, and the quota system in the movie industry.
A source at MOCIE said, 'This measure is stemming from the large-scale U.S. trade deficit which is approaching 300 billion dollars, three percent of the U.S. GNP.'
Other trade experts commented, 'The U.S. is expected to concentrate on applying pressure on trading partners to open their markets rather than upon import regulations. Korea should improve its institutional practices that violate WTO regulations and confront head-on any improper demands by the U.S.'