Free-trade talks between the U.S. and South Korea collapse

Negotiations between the U.S. and South Korea for a long-delayed free-trade agreement have deadlocked, giving a major setback to President Barack Obama, who had hoped to leave the Group of 20 summit with a deal in hand. Obama and South Korean President Lee Myung-bak concluded bilateral talks without coming to an agreement. A White House spokesman said negotiations broke down over a long-standing dispute about U.S. access to South Korean beef and auto markets.

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