Capital Economics said in a research note on Wednesday a renegotiated FTA would likely mean South Korea opens more of its economy to US companies but would "have a relatively small impact on the economy".
During his trip to South Korea Monday, Vice President Mike Pence confirmed that the USA will continue with its plans to deploy the Terminal High Altitude Area Defense (THAAD) system to South Korea, despite persisting objections from China.
Trump has accused both Japan and South Korea of imposing barriers on USA automobile exports and keeping their currencies weak, hurting jobs for Americans and fueling trade imbalances.
Wang told reporters that although US officials have made clear that a military strike remains on the table, he believes that Washington would still prefer to de-escalate tensions through multisided talks.
He also said, "We are with you 100 percent", adding that the USA always seeks peace.
The weapon, a tactical ship-to-ground guided missile, will enhance South Korea's ability to strike North Korea's critical military facilities in the event of a crisis on the peninsula.
Japan and the US have outlined a path forward for economic talks between the countries.
U.S. Vice President Mike Pence will be visiting the Istiqlal mosque in Jakarta on Thursday as part of his visit to Indonesia.
Kim said Washington is likely to demand South Korea buy more USA products, but in order to increase exports, the United States would need to create products that South Korean customers would want.
In response to a question about whether Chinese officials would help convince North Korean leader Kim Jong Un to end his ballistic missile and nuclear testing, the vice president said Trump and Chinese President Xi Jinping had a frank discussion about a broad range of global issues, including the denuclearization of the Korean Peninsula when Xi visited Trump earlier this month in Florida.
Pence said after the meeting that Trump believes it is in America's interest to negotiate economic deals on a bilateral basis.
U.S. Vice President Mike Pence is on board an American aircraft carrier stationed in Japan amid heightened tension on the Korean Peninsula.
Pence is speaking in Tokyo to the U.S. Chamber of Commerce in Japan.
Citing the threat posed by North Korean missiles, the USA military has sent the first elements of its Terminal High Altitude Area Defense (THAAD) missile defense system to South Korea. With the free trade agreement in mind, Pence clarified the US stance of shifting to focusing on bilateral talks to pursue USA interests. Trump said that will be "the end determination".
To launch nuclear weapons, a country must actually have them.
The U.S. and South Korea have agreed to the early activation of a defence system created to shoot down North Korean missiles, according to South Korea's Yonhap news agency. "The more tense things are, the more calm we need to be to find the opportunities and possibilities for dialogue". A senior official at the White House blamed the error on miscommunication.
Australia's prime minister also urged China to do more, saying Beijing has the "greatest obligation and responsibility" to de-escalate the threat from North Korea.
Asked what North Korea must do, he repeated that "all options are on the table, and there they will remain".