Higher wages could increase inflation and push up prices of Korean products.
The currency changes have made it more expensive for Americans to buy Korean products, and there has been a resulting drop in exports.
The original Korean products were classical and steel-string acoustic guitars.
The crowns are a uniquely Korean product and show no Chinese influence.
The protests were relatively small since the agreement does not remove barriers to the import of rice, the most important Korean agricultural product.
It would mean a larger domestic market for Korean products.
China was the fastest-growing market for South Korean products in the last several months, government data show.
The won has strengthened about 4 percent against the dollar in the last year, making Korean products more expensive in overseas markets.
Many South Korean products were based on Japanese design and technology.
Korean products tended to mimic their competitors' rather than be innovative.