United States of America

Globalization is a hallmark of the twenty first-century world. As transportation and telecommunications grow in both efficiency and level of performance and as the ambit of the Internet expands, it…

After the U.S.-Korea Free Trade Agreement (KORUS FTA) is approved by the legislatures of Korea and the United States, it will likely provide a turning point for the countries’ bilateral…

The automobile industry is a dynamic and significant sec-tor in most of the major economies in the world. It is closely related to various other manufacturing sectors such as rubber,…

During the past few years, the United States has begun three important initiatives that alter its defense commitment to South Korea (Republic of Korea [ROK]). First, Washington started to decrease…

By Phil Eskeland As President Barack Obama arrives in Asia, some critics of free trade use out-of-date or incomplete trade statistics on the Korea-U.S. (KORUS) Free Trade Agreement (FTA) to justify opposition to the Trans Pacific Partnership (TPP). First, it is premature to offer a definitive opinion on the success or failure of any trade…

By Troy Stangarone In the ongoing debate over granting President Barack Obama Trade Promotion Authority (TPA), previously known as Fast Track, three Democratic members of Congress pointed to increased merchandise trade deficits with Korea after the implementation of the KORUS FTA as a reason to oppose a new grant of TPA. However, while the merchandise…

By Kristen Lee During the 1960’s under President Park Chung-hee’s economic stewardship, the founders of today’s chaebol facilitated South Korea’s recovery after the war. These huge family-led business conglomerates became the foundation of the Korean economy and an integral part of Korea’s export-oriented growth. This rapid economic development, known as the “Miracle on the Han…

By Phil Eskeland Last month, the U.S. Department of Education released the results from the latest study on math and science scores of 8th grade students (ages 13-14) in all 50 U.S. states, comparing them to more than 40 countries and sub-national entities around the world.[1]  While more than two-thirds of all U.S. states exceeded the…

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.