Korea’s Free Trade Agreement with the European Union, which is to celebrate its second anniversary on Monday, was the country’s seventh trade pact, and the one of largest scale. Upon its effectuation in July 2011, the government assured that the pact would bring tangible benefits to the economy by lowering the tariffs on Korea’s key strategic export items, such as cars, electric devices and textile goods. After two years of implementation, however, the economic leverage of the Korea-EU FTA still seems to be subject to disputes. The European Union, the largest economic bloc in the world, is also Korea’s second-largest...