United States of America

Given the growing importance of East Asia to global stability and prosperity, sustaining the five U.S. treaty alliances in the region—Japan, the Republic of Korea, Australia, Thailand, and the Philippines—will…

On 30 June 2007, U.S. and South Korean trade officials signed the U.S.- Korea Free Trade Agreement (KORUS FTA). The two countries reached the agreement after 10 months of very…

On 1 April 2007 Korea and the United States finally completed their year-long negotiations to conclude the Korea- U.S. Free Trade Agreement (KORUS FTA), which was then signed by the…

President Lee Myung-bak won a landslide victory in 2007. His popularity before the election was obvious, and it came as a surprise to almost no one that he won by…

“You should get rid of the CHIP Act and whatever’s left over, Mr. Speaker, you should use it to reduce debt. Or any other reason you want to.” This pronouncement from President Donald Trump’s first address to Congress in his second term fully unmasked his administration’s trade 2.0 agenda. If realized, the repeal of the…

There is much speculation about the future of certain funding awards and tax breaks under the U.S. Inflation Reduction Act (IRA). The IRA is a federally enacted legislation, meaning its repeal would require an act of Congress. However, so far under Trump 2.0, the executive branch has been testing the full extent of its power.…

Once dismissed as an abstract nuisance, transnational subsidies—where governments subsidize firms operating beyond their borders—have now become a central concern for countries. The World Trade Organization (WTO) Agreement on Subsidies and Countervailing Measures regulates subsidies that could potentially distort fair competition, generally applying a territorial criterion that mandates the subsidy recipient be located within the…

In addition to chips and pharmaceuticals, U.S. President Donald Trump has officially stated that he plans on introducing a tariff of roughly 25 percent on cars entering the United States, beginning April 2. Its imposition is likely to severely affect U.S.-South Korea economic relations, as well as the U.S. economy itself. Passenger vehicles have constituted…

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.