United States of America

On 30 June 2007, United States Trade Representative Susan C. Schwab and Republic of Korea Trade Minister Kim Hyun-chong signed the United States-Korea Free Trade Agreement (KORUS FTA), an encompassing…

The year 2007 displayed remarkable progress in Korea-U.S. economic relations on many different levels. At the global level, our two countries have worked closely together to meet international challenges. For…

The United States and Korea finished the eighth round of negotiations for a bilateral free trade agreement (FTA) in mid-March 2007, and the agreement is likely to be concluded eventually.1…

The U.S.-ROK bilateral economic relationship entered a new era 1 April 2007 when President George W. Bush notified the U.S. Congress of his intent to enter into a free trade…

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…

On February 4, President Donald Trump issued another in the blizzard of his now familiar executive orders. Among those signed that day was one entitled “Withdrawing the United States from and Ending Funding to Certain United Nations Organizations and Reviewing United States Support to all United Nations Organizations.” The document specifies that the United States…

Hallyu (or Korean Wave) looks to continue its march onward in the Year of the Blue Snake. Netflix announced that the first five days of Squid Game Season 2 netted 68 million views, breaking the company’s previous first-week debut record set by Wednesday in 2022. Since its release on December 26, the show has already…

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.