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KEI Response to COVID-19
March 25
Updated March 25, 2020 The Korea Economic Institute of America aims to continue serving as the leading platform for discussion on the U.S.-Korea relationship while also keeping our staff and community safe during the ongoing outbreak of COVID-19. The KEI team wanted to share the…
Read MoreTroy Stangarone's Analysis on North Korea's Underdevelopment in Hudson Institute Publication
March 23
In a Hudson Institute publication titled "Pathways to Peace: Achieving the Stable Transformation on the Korean Peninsula," KEI Senior Director Troy Stangarone contributed a chapter entitled "Economic Engagement with North Korea Post-denuclearization." In this chapter, Stangarone takes on a hypothetical scenario in which Pyongyang commits…
Read MoreSouth Korea Braces for Global Recession
March 20
Writing for the Diplomat Magazine, KEI Senior Director Troy Stangarone highlights how Seoul is preparing a stronger fiscal stimulus to deal with the economic shocks caused by the coronavirus outbreak. As one of the first countries to deal with the supply shock stemming from China's…
Read MoreCoronavirus Concerns Intensify in South Korea
February 13
There have not yet been any fatalities from the coronavirus in South Korea. Nonetheless, the public health risk is poised to have an outsized economic and political impact on the country, says KEI Fellow and Director of Academic Affairs Kyle Ferrier in his latest column…
Read MoreParsing the Economic Damage From the Japan-South Korea Dispute
February 11
In his latest column for the Diplomat Magazine, KEI Senior Director Troy Stangarone noted that the overall damage from the Korea-Japan trade dispute has been limited. He points out that: "[B]oth sides took steps to contain the dispute early on. After deciding that it would…
Read MoreAmbassador Stephens Speaks on U.S.-Korea Alliance in Georgia
February 11
KEI President and CEO Kathleen Stephens gave remarks at an event hosted by the Southeast United States Korean Chamber of Commerce at the Kia Motors plant in West Point, GA. Her remarks, which focused on the U.S.-Korea alliance, were covered by several news outlets. In…
Read MoreKEI board member Bradley Babson comments on North Korea sanctions
February 10
Bradley Babson, a former World Bank adviser and an advisory council member of the Korea Economic Institute of America, noted that sanctions are really constraining the ability of the North Korean state to function in the state-directed economy, which has forced Pyongyang to give ground…
Read MoreCan income-led growth succeed?
February 10
Income-led growth is at the heart of President Moon Jae-in’s economic policy: an effort to boost economic growth by stimulating consumer demand via wage increases. Pursuing this policy, the Korean government increased the minimum wage by 16.4 percent in 2018 and an additional 10.9 percent…
Read MoreKyodo News Cites Troy Stangarone in Analysis of North Korea's Outlook on U.S.-Iran Tensions
February 10
As tensions escalated between Iran and the United States, KEI Senior Director Troy Stangarone was cited in Kyodo News for his assessment of how the conflict in the Middle East might affect Pyongyang's calculations on negotiations, provocations, etc. He noted: "If Kim Jong Un has…
Read MoreAmbassador Stephens' Favorite Korean Word: "Diligently"
February 10
Writing for a series by Chosun Ilbo on meaninful Korean words, Ambassador Stephens chose the word ___, which roughly translates to "diligent" in English. In the article, she looked back on her experience first learning Korean and how often the word reappeared in everyday conversations –…
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