Trade Representative Rob Portman. the "most commercially significant" free trade pact since NAFTA. Moreover. according to the U.S. Department of Commerce. during the 2004 calendar year. 627.000 South Koreans visited the United States for tourism and business travel. making Korea the fifth largest overseas market of tourists coming to our shores. As cochalr of the Congressional Caucus on Korea. I am also well aware that Korea has made great progress in working to meet all the statutory requirements for entry into the Visa Waiver Program. VWP. The United States and South Korea also share a deep concern about regional stability and continued peace on the Korean Peninsula.