United States of America

As the reigning consensus has it, the U.S.-ROK alliance is one of the most successful of its kind in history. The alliance not only succeeded in defending South Korea from…

The year 2006 witnessed increasing concern among both Americans and South Koreans that their alliance of more than 50 years might be in jeopardy. Differences between the two governments over…

Economic Interdependence Between Korea and the United States

The Matter of the Kaesong Industrial Complex in the Korea-U.S. Free Trade Agreement Negotiations

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…

On Monday evening, President Donald Trump unveiled 25 percent tariffs on steel and aluminum imports to the United States, eliminating the exemptions that had allowed South Korea to export steel under a quota. Representing an opening salvo of second-term trade actions impacting Korea and other countries, the tariffs will deeply affect the United States’ ability…

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.