SEOUL: The biggest foreign business group in South Korea said Tuesday it supported a trade deal between Seoul and Washington that US President Donald Trump has threatened to abandon, warning of a "damaging effect" on the economy if it is scrapped.

Trump has slammed the five-year-old US-Korea free trade agreement (FTA), known as KORUS, as a "horrible deal" and a "job killer", and said he would discuss the possible withdrawal from it with his aides this week.

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