Economics

This article was published on The Korea Times on August 16, 2023. For much of the past year there has been a focus on how the CHIPS and Science Act…

This article was published in The Korea Times on June 14, 2023. The decision by the Cyberspace Administration of China to ban Micron Technology’s semiconductors in Chinese infrastructure has put…

The U.S.-South Korea relationship has long been defined by a shared commitment to upholding security. But in recent years, it has evolved into something even more powerful: a comprehensive partnership rooted in economic strength, technological innovation, and cultural exchange. During the Joe Biden administration, the U.S. Department of Commerce saw firsthand the remarkable expansion of…

There appears to be a bright spot amid the global market turmoil after President Donald Trump’s “Liberation Day” tariff announcements on April 2. In the first-ever phone call between Trump and his acting South Korean counterpart, Han Duck-soo, the two leaders mentioned shipbuilding as a potential area of cooperation in the aftermath of the tariff…

The South Korean won has reached record lows against the U.S. dollar in recent days, just as heavy U.S. tariffs against what President Donald Trump says is an unsustainable South Korean trade surplus threaten the country’s exports. The issue, however, is not new. The won—now close to 1,500 to the dollar—was hit hard by the…

The United States is poised to escalate its trade brinkmanship once again. On April 2, the Donald Trump administration is expected to unveil a sweeping new tariff regime under the banner of “reciprocal tariffs,” aimed at countries with significant trade surpluses with the United States—including close allies like South Korea. White House officials purport they…