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…

The ROK-U.S. state visit significantly strengthened the alliance amid changes in the international order, such as the Ukrainian war and intensifying U.S.-China competition. The two countries adopted six joint statements, including the "Washington Declaration," which is significant in expressing the U.S. commitment for extended deterrence and South Korea's willingness to comply with the Treaty on…

As Korea and Japan work to resolve their differences, their neighbor China has been watching very carefully. After the summit, the Chinese foreign ministry emphasized the need for stable economic relations for prosperity between Beijing, Seoul and Tōkyō. “China opposes certain countries’ attempts to form exclusionary cliques,” said Ministry of Foreign Affairs spokesman Wang Wenbin…

Industrial policy is a set of government interventions that aim to promote the development of specific industries in a country. The goal is to improve the competitiveness of these industries in the global market, increase exports, and stimulate economic growth. However, the effectiveness of such policies has been a subject of debate among economists and…

During the arrival ceremony for his state visit, President Yoon Suk Yeol rightly observed the ROK-U.S. alliance is not a transactional relationship but an alliance of values or, as he later remarked, an everlasting partnership. However, effusive language aside, it’s a partnership that includes tradeoffs. And such tradeoffs were evident in the Washington Declaration. While…

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.