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…

Several important economic figures released by the South Korean government last week suggest that the overall economy is in good shape. One perplexing trend, however, is the less sanguine numbers reported on the general perception and sentiment about the country’s macroeconomic performance. This seeming discrepancy is worth examination because “feelings” about the economy can affect…

Last Thursday, Korean chipmaker SK Hynix made history by developing a 10-nanometer (nm) transistor process for 16 GB Double Data Rate 5 (DDR5), the latest iteration of dynamic random-access memory (DRAM) chips. By allowing for greater memory capacity and processing speeds for the corresponding central processing units (CPUs) that are used for cloud computation, this…

“You can either buy clothes or buy pictures.” (Gertrude Stein) The air will be filled with a different kind of buzz in Seoul this week as it hosts the third annual international art fair, Frieze Seoul. Over 110 leading art galleries worldwide will assemble for four days at the COEX Convention and Exhibition Center in…

The public sector financed 76 percent of healthcare in OECD countries in 2021 using compulsory health insurance and government programs (Figure 1, Panel A). Korea is an outlier in this regard, as only 62.3 percent of its health expenditures were covered through mandatory financing schemes. The low share of mandatory financing in Korea was offset…

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.