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,…

There appears to be a bright spot amid the global market turmoil after President Donald Trump’s “Liberation Day” tariff announcements on April 2. In the first-ever phone call between Trump and his acting South Korean counterpart, Han Duck-soo, the two leaders mentioned shipbuilding as a potential area of cooperation in the aftermath of the tariff…

The first blog post of this series for the Korea Economic Institute of America (KEI) assessed the propriety of the White House’s estimate of South Korean tariffs on U.S. goods and its imposition of reciprocal tariffs at 25 percent. There are several ways that the Donald Trump administration could have derived the number, but it…

The market roiled, web searches spiked, and the media was in a frenzy after President Donald Trump unveiled his “Liberation Day” tariffs. Not surprisingly, the 10 percent baseline tariff on all goods with an additional “discounted” reciprocal tariff generated mostly negative reactions. As the president held up a large placard explaining that nearly every country…

From March 19 to 21, 2025, the Korea Economic Institute of America (KEI) led a Future of Korea (FOK) delegation to Albuquerque, New Mexico, with KEI’s Economic Policy Analyst Tom Ramage, the U.S. Department of State’s Military Advisor for Japanese, Korean, and Mongolian Affairs Ki Suh Jung, and the South Korean Embassy’s First Secretary Hae…

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.