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…

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.