FACTBOX-Expected impact of U.S. trade deal on South Korea
(Reuters) - South Korea and the United States on Monday agreed a trade pact after nine months of negotiations.
Following are how key South Korean industries are likely to be affected.
AUTO MAKERS
Lower tariffs could help improve returns at auto makers such as Hyundai Motor Co. and Kia Motors Corp. from the key U.S. market, with auto parts makers such as Hyundai Autonet also expected to benefit.
However, auto makers could face increased competition from U.S. imports, as well as U.S.-made cars by Japanese auto makers.
TECHNOLOGY SECTOR
No major impact is expected given that memory chip makers such as Samsung Electronics Co. Ltd. have not suffered excessively from U.S. duties while running overseas plants for exports.
But TV set, mobile phone and parts makers could gain from lower taxes, while firms reliant on imports of U.S.-made parts, non-memory chips and machinery could also benefit.
PHARMACEUTICAL SECTOR Continued...
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