Korea Exported More Goods to the United States Than China in December—Does This Signal a New Trend for Trade?
For a twenty-year period, China had been the top export destination for Korean goods. Not so in December 2023.
Navigating Korea’s Changing Trade Shifts with the United States and China
Recent development highlights the impact of a combination of external factors on a trade-dependent economy like South Korea.
2023 in Review: The War in Ukraine and South Korea’s Increasingly Complex National Security
Seoul confronts the emergence of a new, far riskier nuclear order, while doubts about the credibility of U.S. extended deterrence remain.
2023 in Review: Korea and the Inflation Reduction Act
The Inflation Reduction Act (IRA) had been the source of significant uncertainty for Korean Electric Vehicle (EV) makers and their suppliers.
2023 in Review: Navigating the Complex Waves of Korea-Japan Relations
While progress has been made in easing the tension between Seoul and Tōkyō, perennial historical issues will be challenges in the new year.
Korea’s Economic Growth is Projected to Accelerate Following the Slowdown in 2023
Korea’s real GDP growth will rebound to more than 2 percent in 2024 and 2025, according to the OECD’s bi-annual economic projections.
What the New IRA Guidance Means for Korean EV Suppliers
The latest guidance for EV makers doubles down on National Security Advisor Jake Sullivan’s U.S. vision for a “small yard, high fence.”
The Deliverables from Yoon’s First APEC Summit
The APEC summit in San Francisco concluded with discussions heavily focusing on trade, investment, and security across the Indo-Pacific.
South Korean Conscription and the Challenges of a Declining Population
Although many advanced states face demographic challenges, it is especially acute for the Korea and its military.
Increasing Korea’s Potential Growth Rate
Korea needs to utilize its strengths to strengthen lagging sectors and reduce the polarization in the Korean economy.