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Insight 2007

12 Publications

Rulings, New Agreements, and Advisory Committee Assessments Alter the Course for the KORUS FTA

May brought several significant developments for the KORUS FTA. On May 10, the Bush Administration and Congress announced an agreement on a new trade policy, focusing in particular on labor and environmental issues pertinent to FTAs. In mid-May, the World Organization for Animal Health (OIE) issued its formal ruling on…

Korea’s Economy: Decent Short-run Outlook but Long-run Challenges

Real growth in 2006, at 5 percent, did not fully measure up to the more optimistic forecasts of a year ago but did represent a further recovery from the slump encountered a few years earlier. Forecasts for 2007 center on a decline in growth to 4.5 percent, as the year…

Korea’s Real Estate Market: Are We Overreacting to Skyrocketing Property Prices?

The most popular conversation topic in Korea these days is not North Korea’s nuclear program or the KORUS FTA, but the skyrocketing real estate prices. The real estate market has been the subject of interest since the late 1970s when the government transformed rice paddies and green fields in southern…

Six Party Talks Resume, No Progress Reported

83/751. At press time, 83 days have passed since North Korea tested a nuclear device on October 9, 2006 and 751 days remain in the Bush Presidency. If the stalemate at the latest round of Six Party Talks is any indication, the North Koreans may be counting. On December 18,…

Taking a Larger Role in International Affairs: Korea's Growing Efforts in Peacekeeping Missions and Development Aid

In 1996, Korea joined the Organization for Economic Cooperation and Development (OECD), marking Korea's rise into the ranks of the developed world. Only twenty years ago this year, Korea began providing official development assistance (ODA). In the past few years, Korea has begun to play a larger role on the…

Anatomy of a Deal: The KORUS FTA

With negotiations running down to the wire, Korean and American negotiators announced that they reached a deal just before President George W. Bush’s trade promotion authority expired at 11:59 pm on April 1. Under the agreement, nearly 95 percent of consumer and industrial products will become duty-free within three years…