United States of America

On 1 April 2007 Korea and the United States finally completed their year-long negotiations to conclude the Korea- U.S. Free Trade Agreement (KORUS FTA), which was then signed by the…

President Lee Myung-bak won a landslide victory in 2007. His popularity before the election was obvious, and it came as a surprise to almost no one that he won by…

The world can only hope the recent U.S.-North Korean bilateral discussions will revive the six-power talks and lead to Pyongyang’s renunciation of its nuclear weapons ambitions. Hope, however, is not…

This paper builds on Kiyota and Stern (2007), in which we analyzed the economic effects of a U.S.-Korea free trade agreement (KORUSFTA). In Section II, we review the objectives and…

President Trump announced Ohio Senator J. D. Vance as his running mate last week ahead of the Republican National Convention. This gives a clearer direction to what his second administration’s economic policies may look like, while also imparting a greater weight to the effects it would have on Vance’s heartland base. The first Trump administration…

A $32 million subsidy to Hyundai Mobis, a subsidiary group of South Korea’s Hyundai Motor Group that specializes in auto parts manufacturing, from the Biden administration on July 11 is set to help secure US electric vehicle (EV) supply chains. It came as part of  $1.7 billion in Domestic Automotive Manufacturing Conversion grants from the…

I recently traveled to Dallas, Texas and Tulsa, Oklahoma to give talks on my new book on the US-South Korea alliance. It is increasingly difficult for me to travel around the United States without discovering new aspects of American interactions with the Korean Peninsula. As KEI fulfills our mission of promoting knowledge and understanding about…

Last week’s initial US presidential debate saw both candidates field questions ranging across inflation, unemployment, and the national debt. Whether it was Biden’s highlighting his CHIPS Act successes, or Trump’s pronouncements on the US trade deficit with China, the topics set the scene for a national election in which voters will weigh drastically different visions…

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.