A concurrent resolution expressing the sense of Congress that assistance to South Korea should be conditioned on South Korea's compliance with its international trade commitments and on South Korea's termination of its unfair trade practices and subsidies.

Declares that the Congress: (1) strongly believes that while a stable global marketplace is in the best interest of U.S. farmers and ranchers, the United States should seek a mutually beneficial relationship without hindering the competitiveness of U.S. agriculture; (2) calls on South Korea to abide by its trade commitments; (3) calls on the Secretary of the Treasury to instruct the U.S. Executive Director of the International Monetary Fund to promote vigorously policies that encourage the opening of markets for beef and pork products by requiring South Korea to abide by its international trade commitments and to reduce trade barriers, tariffs, and export subsidies; (4) calls on the President and the Secretaries of the Treasury and of Agriculture to monitor and report to the Congress that resources will not be used to stabilize the South Korean market at the expense of U.S. agricultural goods or services; and (5) requests the United States Trade Representative and the Department of Agriculture to continue bilateral consultations with the Government of South Korea on its failure to abide by its international trade commitments on beef market access, to consider whether Korea's reported plans for subsidizing its pork industry would violate any of its international trade commitments, and to determine what impact Korea's subsidy plans would have on U.S. agricultural interests, especially in Japan.