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In 2005, the Korean ambassador to China was excited about the completion within five years of the target trade volume of over $100 billion with China, which was set by…
The Matter of the Kaesong Industrial Complex in the Korea-U.S. Free Trade Agreement Negotiations
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.…
President Donald Trump said on February 18 that he intended to raise automobile tariffs on all U.S. automobile imports. He followed through with this plan on March 26, announcing a 25 percent automobile tariff that took effect on April 2, making engines, transmissions, powertrain parts, and electrical components, as well as fully assembled cars, all…
On January 9, 2025, the United States and South Korea signed a memorandum of understanding (MOU) on principles of nuclear export and cooperation that could unlock new dimensions of the partnership and tens of billions of dollars in profit for construction and nuclear industries in both countries. In addition to its clear economic implications, the deal allows…
There appears to be a bright spot amid the global market turmoil after President Donald Trump’s “Liberation Day” tariff announcements on April 2. In the first-ever phone call between Trump and his acting South Korean counterpart, Han Duck-soo, the two leaders mentioned shipbuilding as a potential area of cooperation in the aftermath of the tariff…
The South Korean won has reached record lows against the U.S. dollar in recent days, just as heavy U.S. tariffs against what President Donald Trump says is an unsustainable South Korean trade surplus threaten the country’s exports. The issue, however, is not new. The won—now close to 1,500 to the dollar—was hit hard by the…
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