In keeping with the global trend, the Korean government is working strategically to expand its FTA network in an effort to gain access to global markets and enhance industrial competitiveness through trade liberalization. This study analyzes the economic impact of FTAs on the Korean dyestuff industry, an area where there have been relatively few studies to date. It is found that as Korea has FTAs with the EFTA, the ASEAN, the EU and other partners, exports of dyestuffs to Indonesia, Vietnam, Switzerland and India have surged dramatically. The Korea-U.S. FTA is expected to bring additional benefits to Korea``s dyestuff industry as well. In particular, as the textile industry (which consumes dyestuffs) exports more products to the U.S. market, the export of dyestuffs will increase significantly. For the domestic dyestuff industry to make the most of the FTA and increase its global market share, the industry should shift its focus from products intended for general use to high-tech and high-value-added products.