korean trade

Pictured (L-R) Jack Kane - President Acu-Gage Systems,  Anna Haigh Berry - Executive Director for World Affairs Council of State of New Hampshire,  Chusok Yoon - First Secretary for the Embassy of South Korea,  David Muelke – Republic of Korea Desk Officer for the U.S. State Department Bureau of East Asian and Pacific Affairs,  Nicholas Hamisevicz – Director of Research and Academic Affairs for the Korea Economic Institute.

(Hudson, NH)
March 29, 2013

Acu-Gage Systems welcomed a trade delegation from the Republic of Korea on Thursday.  Discussions were held on the effect of bilateral tariff reductions, trade relations between New Hampshire businesses and South Korea, and opportunities for small businesses to receive assistance from federal agencies.

The United States and South Korea trade relationship amounted to just over $100 billion USD in 2011.  The US is South Korea’s fourth-largest trading partner, while South Korea is the eighth-largest trading partner for the US.

Acu-Gage President Jack Kane explains, “The entire Asian region has historically made up about 5% - 10% of our business in any given year.  Any improvements in bilateral trade relations between the US and South Korea will only help Acu-Gage be more competitive on the global stage.  As an example, Acu-Gage shipped a machine to a client in South Korea last year, after the implementation of a trade agreement

between the US and South Korea that included immediate and significant tariff reductions.  The reductions certainly helped that particular project come to fruition, and we are hopeful that it bodes well for expanded opportunities for Acu-Gage in Korea.”

Acu-Gage Systems, manufacturer of the largest video/laser inspection systems, is a privately owned company specializing in non-contact video and laser dimensional inspection systems since 1981.  For over thirty years, Acu-Gage has been producing measuring systems for the printing, medical, printed circuit board, sheet metal, military, aerospace, steel rule die, and many other discrete piece part manufacturing operations.  Systems are configured to the end-users’ requirements and can be one, two or three axes of measurement.  Manual or fully automated and can range in X and Y sizes from 12” X 12” to 48” X 96” with optional Z capability as required.  Larger specials are available upon request.