Korea, South

An exclusive interview with Dr. Alon Levkowitz, author of the most recent edition of the Korea Economic Institute’s Academic Paper Series. His paper, titled “The Republic of Korea and the…

With the final rule regarding the CHIPS Act guardrails released on September 22, Korean chipmakers’ ability to receive U.S. subsidies while maintaining operations in China appears to be on firmer footing.  Korean chipmakers had been caught in a form of limbo ever since the U.S. Department of Commerce released the proposed guardrails in March 2023,…

Korea has faced persistent labor shortages since the late 1980s, centered on small and medium-sized enterprises (SMEs), which tend to pay low wages for low-skilled, non-regular jobs. SMEs have faced increasing difficulty in replacing retiring workers with young people, given the large education gap between generations. In 2021, 69% of the population aged 25 to…

When the leaders of Japan and South Korea join President Joe Biden at Camp David on August 18, it will cap a year of remarkable progress in bringing relations in the region back from the depths of dysfunction. The summit will showcase the attempts by the Biden administration to institutionalize trilateral security cooperation – tying…

The drop in Korea’s total fertility rate to 0.78 in 2022 has heightened concerns about the impact of rapid population aging and decline. Despite numerous government initiatives, such as introducing free early childhood education and care in 2012, the fertility rate has continued to edge down. Korea’s median age jumped from 33.6 years in 2005…

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.