United States of America

Globalization is a hallmark of the twenty first-century world. As transportation and telecommunications grow in both efficiency and level of performance and as the ambit of the Internet expands, it…

After the U.S.-Korea Free Trade Agreement (KORUS FTA) is approved by the legislatures of Korea and the United States, it will likely provide a turning point for the countries’ bilateral…

The automobile industry is a dynamic and significant sec-tor in most of the major economies in the world. It is closely related to various other manufacturing sectors such as rubber,…

During the past few years, the United States has begun three important initiatives that alter its defense commitment to South Korea (Republic of Korea [ROK]). First, Washington started to decrease…

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.