On 20 December 2015, the Korea-China Free Trade Agreement (FTA) entered into force. The Korea-China FTA would have a positive impact for both economies welfare in the long run. However, it must be pointed out that in the short run, trade flows between Korea and China might be affected by external/internal economic forces such as the recent global trade slowdown, and weak domestic economic growth and non-tariff barriers. Thus, it might be impetuous and too early to assess the economic impact on the Korean and Chinese economies just a year after the Korea-China FTA was entered into effect. Nevertheless, it would be worth examining changes that have occurred at first anniversary and exploring ways to enhance the Korea-China FTA.