What corresponding changes are being made to the Korea-U.S. economic and trade relationship? If, through the changes of the last decade, our trade relationship has evolved from one narrowly focused on outstanding trade issues to a broader and more strategic relationship, as I will argue, what are the challenges and opportunities that lie ahead of us? This year, instead of writing a traditional article focused on the trade issues of the moment, I approach the topic from a historical perspective, which may help policymakers view one of the most important and dynamic relationships on Earth in an appropriate light.