Korea, South

Seoul has gradually adopted a more outspoken position regarding the importance of peace and stability in the Taiwan Strait and framed it in increasingly expansive terms—as a regional and global…

From K-pop to K-drama and food, Korean culture has taken the globe by storm. Korean artists are topping the Billboard charts, Korean films are winning Oscars, and Korean kimbap at…

Countries with advanced semiconductor industries are caught in the middle of growing U.S.-China competition in technology focused on advanced computing. While some countries with key technology companies in the toolmaking…

The United States and the Republic of Korea have been celebrating the 70th anniversary of the alliance and the 120th anniversary of Korean immigration to the United States throughout 2023.…

Korea’s development from one of the poorest countries in the world in the 1950s to a major industrial power has been exceptionally rapid. Per capita income increased from 10% of that in the United States in 1970 to 70% by 2020 (Figure 1). Moreover, Korea has surpassed Japan. Korea’s rapid transformation was achieved through effective…

The recent crisis in the Middle East raises questions about the impact it may have on energy access for the world. Faith Birol, the current head of the International Energy Agency, said that the Israel-Hamas war is “definitely not good news” for oil prices. Similarly, on October 30 the World Bank warned that oil prices…

South Korea stands at a critical demographic juncture, facing a declining birthrate that has far-reaching implications for its economy and society. The increasingly severe demographic trends have pushed the government and society to consider which policy measures might offset the social and economic consequences of demographic decline. Fertility quickly declined from an average of six…

The world is turning its attention to China’s economy and Korea is taking note. The South Korean Ministry of Finance put together an all-government task force to respond to the potential negative effects of the downfall of China’s largest property developer, Evergrande, which recently canceled the restructuring of more than $19 billion of debt affecting…

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.