United States of America

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,…

An old Korean proverb says that when two whales fight it is the shrimps whose backs are crushed. Maybe that proverb best describes Korea’s situation on the trade front these…

Science diplomacy refers to international scientifi c cooperation aimed simultaneously at advancing scientifi c knowledge and improving and strengthening broader relations between participating countries and groups. Science diplomacy has proved…

The latest guidance for electric vehicle (EV) subsidies doubles down on National Security Advisor Jake Sullivan’s vision for a “small yard, high fence.” On Monday, the Treasury Department in conjunction with the Internal Revenue Service (IRS) and the Department of Energy (DOE) issued proposed regulation defining what it means to be a foreign entity of…

Last week’s Asia-Pacific Economic Cooperation (APEC) summit in San Francisco concluded where discussions among Asia-Pacific leaders heavily focused on trade, investment and security across the region. Taking place on the heels of seventh round negotiations for the Indo-Pacific Economic Framework (IPEF) the week prior, the summit marked President Yoon Suk Yeol’s first attendance of an…

In his speech at a non-union auto workers' facility last week in lieu of a Republican debate performance, former President Donald Trump again made U.S.-Korea trade the focus of his protectionist rhetoric.  In outlining what he called his vision for the “revival of economic nationalism,” he boasted over what he believed was “saving American auto…

The 18 August 2023 summit that brought together the leaders of Japan, South Korea and the United States at Camp David was rightly hailed as a breakthrough moment in consolidating trilateral security ties, especially after years of near-frozen relations. US officials stressed the importance of creating enduring institutions and structures among the three countries. These…

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.