United States of America

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…

Economic relations between Korea and the United States reached new heights in the year 2006 with the launch of negotiations for a bilateral free trade agreement. While the negotiations were…

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,…

By Nayoon Lee On November 14th, Han Min-goo, the Minister of National Defense tentatively signed the General Security of Military Information Agreement (GSOMIA) with Japan. Despite the political controversy regarding GSOMIA, which some see as an opportunity to strengthen Korea’s defense and others as drawing too close to an unrepentant Japan, President Park Geun-hye approved…

By Jaeho Jeon South Korea faces a household debt crisis. Household debt reached more than 1,257 trillion won ($1.1 trillion) in the second quarter of this year, up 125.7 trillion won and 11.1 percent from a year ago. This marks the highest level for household debt since the government began compiling related data in 2002.…

By Troy Stangarone As it begins to sink in that the next U.S. president will be Donald Trump, one question that will be on the mind of those in Northeast Asia is what will Donald Trump’s North Korea policy look like? While North Korea was a more significant topic during the 2016 election than in…

By Phil Eskeland Unlike past U.S. elections, President-elect Donald Trump has made trade a centerpiece of his campaign.  In many appearances, he severely criticized what he characterized as “disastrous trade deals” made over the past two decades.  In fact, his closing argument included pictures of padlocked factory gates and abandoned machinery on the shop floor…

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.