United States/South Korea: Local U.S. biz group confident about ratification of KORUS FTA.

Section: General News - The head of the American business community in South Korea said Monday she is optimistic about the ratification of a free trade deal between the two countries, though more discussion is needed on auto trade-related issues The accord, known as the KORUS FTA, was signed in June 2007, but its ratification in both countries has been stymied by disagreements on auto and beef trade.

"The chance of the KORUF FTA not being ratified is zero," Amy Jackson, the president of the American Chamber of Commerce and Industry (AMCHAM), told reporters. "We will continue to support the KORUS FTA and it should be ratified as soon as possible." Jackson said domestic politics …