Korea poised to forgo WTO developing status, meeting a key U.S. demand

Editor's note: This story has been updated with a translation of a quote from the South Korean government, provided by South Korean officials after initial publication, to clarify that the government had not yet made a final decision on its WTO status. Under pressure from the U.S., South Korea is considering abandoning its status as a developing country at the World Trade Organization, the government said on Wednesday. The Korean Ministry of Trade, Industry and Energy said in a...