Korea, South

In May 2016, Park Geun Hye became the first South Korean president to visit the African Union headquarters in Ethiopia. This trip, which also included stops in Uganda and Kenya,…

This week, we have a very special guest who flew in from Paris to talk about Korea's economy. Dr. Randall Jones is head of the Japan/Korea Desk at the Organization…

As Seoul has grown, it has become more and more international. The city has been making an effort to attract more foreign visitors, whether as tourists, students or workers. This…

Over the last 50 years, Myanmar has oscillated between periods of friendship with South Korea and partnership with North Korea. As Myanmar opens to the international community, however, investment and…

Investment Announcements December 20, 2023 ­­– LG Chem begins construction on its cathode plant in Clarksville, Tennessee, set to begin production in 2026. The $1.4 billion injection as part of the construction is the first phase of its $3.2 billion investment plan delineated in an MOU LG Chem signed with the State of Tennessee in…

For a twenty-year period, China had been the top export destination for Korean goods. Not so in December 2023, when Korea’s Ministry of Trade, Industry and Energy (MOTIE) announced that the United States had surpassed China to become Korea’s top goods export market on a monthly basis—marking the first time since 2003 that that was…

South Korea’s trade relations have undergone changes since the COVID-19 pandemic. In 2022, South Korea surpassed Japan and became China’s second-largest trading partner. However, its exports to China saw a decline of 20 percent in 2023, plummeting to $124.8 billion from $155.7 billion in 2022. Consequently, South Korea ran a trade deficit of $18 billion…

The war in Ukraine directly and indirectly impacted policy and perceptions on and around the Korean Peninsula, starting with Russia’s invasion in early 2022 and continuing apace in 2023. Although the war has provided Seoul the opportunity to enhance its contributions to global security, simultaneously it presents challenges that accelerate its security concerns closer to…

Please join KEI and KIEP for a discussion about the first 10 years of KORUS and the future of the U.S.-Korea economic relationship.