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…

By Kyle Ferrier There has been growing concern a gap is emerging between Washington and Seoul over relations with Pyongyang. Anxiety about a rift in the alliance seemed to grow after President Trump on Friday, August 31st cancelled Secretary of State Michael Pompeo’s trip to Pyongyang on the following Sunday. A South Korean envoy subsequently…

By Mark Tokola North Korea celebrated the 70th anniversary of the founding of its state on September 9 in a notably non-belligerent fashion.  Troops paraded, but no long-range missiles were displayed.  Apart from the parade, there was a traditional mass gymnastics performance at the May Day Stadium, and a “National Meeting,” at which the official…

By William B. Brown Let’s examine the North Korean economic scene in the hot Korean summer of 2018 to see if we can get hints at Kim Jong-un’s thinking on what arguably are the most important decisions the regime is making in decades.  Pundits will argue who is more pressed for time, Kim, South Korean…

by Phil Eskeland Earlier today, the Foreign Trade Division of the U.S. Census Bureau revealed the latest set of monthly trade statistics.  The September release of July trade figures gives an opportunity for a mid-year review on trends not only in goods, but also in services trade with all nations of the world, including South…

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.