United States-Korea Free Trade Agreement Implementation Act

[AI summary unavailable — showing source text] United States-Korea Free Trade Agreement Implementation Act - Approves the United States-Korea Free Trade Agreement entered into on June 30, 2007, with the government of Korea. Prescribes implementing actions. Authorizes the President to establish or designate within the Department of Commerce an office responsible for administrative assistance to dispute settlement panels. Authorizes the President to proclaim specified tariff modifications. Prescribes formulae for the regional value-content of certain automotive goods under the Agreement. Authorizes the President to proclaim the addition to the list in Appendix 4-B-1 of the Agreement of fibers, yarns, and fabrics which are not available in commercial quantities in the United States. Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) to prohibit the charging of customs user fees with respect to originating goods under this Act. Amends the Tariff Act of 1930 with respect to: (1) penalty-free prompt correction by an importer of an incorrect claim that a good qualifies as an originating good, (2) prohibition of false certifications of origin, and (3) denial of tariff treatment under the Agreement. Authorizes the…