Korea, South

Recently released data from the Department of Commerce confirmed that the United States achieved record-level export of services to South Korea in 2018 – $24.5 billion. Combined with the trade…

As the complex negotiations between North Korea, the United States, and South Korea continue, it is worthwhile to review what the current U.S. presence on the Korean Peninsula looks like.…

When people talk about South Korea’s foreign policy, they are more often than not focused on how Seoul engages with its immediate neighbors on denuclearization. However, as a global trading…

Amid the maelstrom of the drama around diplomacy with North Korean, it’s easy to forget that South Korea and the United States are engaged in a fairly serious trade dispute…

By Phil Eskeland Last November, after many months of consideration, South Korea expressed its interest in joining the 12 other Pacific Rim nations in participating in the Trans Pacific Partnership (TPP) negotiations.  Almost immediately, the U.S. Trade Representative (USTR) welcomed Korea’s decision.  The aim of the talks is to conclude “an ambitious, comprehensive, and high-standard…

By Troy Stangarone In the ongoing debate over granting President Barack Obama Trade Promotion Authority (TPA), previously known as Fast Track, three Democratic members of Congress pointed to increased merchandise trade deficits with Korea after the implementation of the KORUS FTA as a reason to oppose a new grant of TPA. However, while the merchandise…

By Kristen Lee During the 1960’s under President Park Chung-hee’s economic stewardship, the founders of today’s chaebol facilitated South Korea’s recovery after the war. These huge family-led business conglomerates became the foundation of the Korean economy and an integral part of Korea’s export-oriented growth. This rapid economic development, known as the “Miracle on the Han…

By Troy Stangarone In the aftermath of last spring’s shutdown of the Kaesong Industrial Complex, the Park administration has sought international investment to serve as a bulwark against future actions by North Korea that would endanger Kaesong’s operations. While finding ways to raise the cost of a future shutdown for North Korea is a sensible…

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.