• International Commerce and Information Review
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• v.15 no.4
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• pp.147-170
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• 2013

The Free Trade Agreement between Korea and Peru entered into force in 2011. Under the agreement, both countries will eliminated all tariffs within ten years after it takes effect. The Korea-Peru Free Trade Agreement turned out to have significantly boosted Korea's exports to the South American state, as well as its relative share in the local import market. Korea mainly imports resources such as zinc and copper, and exports such goods as passenger car and color televisions. The FTA opens up a larger market for Korean home appliances like color televisions. Korea's trade with Peru has been mainly about concentrated investment into mining and exporting limited variety of export items. This paper analyzes the recent trends of problems of trade between Korea and Peru and suggests solutions for boosting trade to provide proper strategic guidelines for Korea that are planning to expand to Peruvian market