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U.S. Commerce Secretary Gary Locke, Congressional Delegation Meet with Korean President Lee to Discuss U.S.-Korea Commercial Relationship

U.S. Commerce Secretary Gary Locke and members of Congress met today with the President of the Republic of Korea Lee Myung-Bak at the Blue House. Locke, who is leading a bipartisan congressional delegation to build support for the passage of the U.S.-Korea Trade Agreement (KORUS), reinforced the importance of the bilateral commercial relationship as part of the two countries’ historic alliance and emphasized the importance of KORUS in spurring economic growth in both the U.S. and Korea. “Korea is a vital ally, a strong friend, and an important economic partner,” Commerce Secretary Gary Locke said . “KORUS is a win-win for both the U.S. and Korea. This agreement will strengthen our partnership and take it to the next level, by lowering tariffs and creating a more level playing field for businesses in both countries.” The congressional delegation consists of four members from the U.S. House of Representatives – Reps. Charles Rangel (D-NY), Jim McDermott (D-WA), Joseph Crowley (D-NY) and...

Korean fugitive captured in Los Angeles area returned to South Korea Target allegedly perpetrated $100 million fraud scheme

LOS ANGELES - A South Korean national wanted in his native country for a fraud scheme that cost victims more than $100 million was turned over to South Korean law enforcement representatives at the airport in Seoul Wednesday by officers from U.S. Immigration and Customs Enforcement (ICE) and the Korean National Police Agency. Korean fugitive captured Kyochung Lee returned to Seoul, South Korea Kyochung Lee was returned to South Korea by commercial aircraft, accompanied by officers from the ICE's Office of Enforcement and Removal Operations (ERO) and the Korean National Police Agency. The 55-year-old is the subject of an Interpol fugitive notice published in Feb. that alleges he defrauded unspecified victims of the equivalent of $116 million in U.S. currency. According to the Interpol notice, the fraud occurred in 2006. The Seoul Central Public Prosecutor's Office, which is handling the case, issued a warrant for Lee's arrest in Feb. 2010. Two months later, ICE databases i...