United States of America

Korea’s economy in the year 2005 demonstrated that it is picking up significant positive momentum, although the full-year performance in 2005 showed mixed results. Korea’s real gross domestic product (GDP)…

The Korea-U.S. Free Trade Agreement (KORUS FTA) and the Korea-European Union Free Trade Agreement (Korea-EU FTA) are the major FTAs for the Korean economy. Although both FTAs share many similarities,…

An old Korean proverb says that when two whales fight it is the shrimps whose backs are crushed. Maybe that proverb best describes Korea’s situation on the trade front these…

Science diplomacy refers to international scientifi c cooperation aimed simultaneously at advancing scientifi c knowledge and improving and strengthening broader relations between participating countries and groups. Science diplomacy has proved…

By Phil Eskeland After much pressure, the U.S. Department of Commerce just released the study on the effect of imports of steel on U.S. national security that will form the basis of President Donald Trump’s upcoming decision to impose higher tariffs.  The President has until April 11, 2018, to choose among several options outlined in…

By Troy Stangarone In a move that had been expected in recent days, North Korea extended an invitation to South Korean President Moon Jae-in for a summit meeting with Kim Jong-un “at the earliest possible date.” With President Moon having sought to use the Winter Olympic Games in Pyongchang as a means to advance inter-Korean…

By Phil Eskeland Earlier this morning, the U.S. government revealed that the U.S. surpassed all previous records in exporting manufactured and agricultural goods to the Republic of Korea (ROK), reaching $48.3 billion for 2017.  This trend started approximately 1 ½ years ago, but the previous year’s annualized trade data did not fully reveal this development…

By Troy Stangarone To the surprise of even Lee Jae-yong, the Seoul High Court has reduced his sentence related to charges in the scandal surrounding former President Park Geun-hye and suspended his sentence resulting in his immediate release from prison. After having been convicted on five charges in August of 2017 related to bribery, embezzlement,…

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.