The South Korean Trade Ministry has completed the statutory procedures needed before it can start KORUS talks with the U.S. These may start in a matter as weeks, though no formal schedule has been set. The autos industry is really the only sector that matters. The U.S. trade deficit in completed vehicles and parts accounts for 80% of its total goods deficit with South Korea in the past 12 months. Taking action against South Korean exports may be an own-goal for the U.S., as it would hurt both General Motors (which gets 59% of its Asian parts from South Korea for use in the U.S.) and cons...