Economics

We imagine North Korea as a country that is carrying on not only a conflict left over from the Cold War, but also a decrepit legacy economy from the past.…

When people talk about South Korea’s foreign policy, they are more often than not focused on how Seoul engages with its immediate neighbors on denuclearization. However, as a global trading…

2018 has been an incredibly eventful year for both the Koreas and the U.S.-Korea relationship: from North Korea’s participation in the Winter Olympics at the start of the year to…

The Trump Administration is once again considering using Section 232 to impose tariffs on imported goods based on a threat to national security. The President originally used this provision to…

South Korea’s rapprochement with Japan and North Korea’s embrace of Russia significantly shaped events on the Korean Peninsula in 2023. Both promise to have a substantial impact on events in the coming year. After years of declining relations, South Korea took the initiative to mend ties with Japan by proposing a path for resolving the…

Investment Announcements December 20, 2023 ­­– LG Chem begins construction on its cathode plant in Clarksville, Tennessee, set to begin production in 2026. The $1.4 billion injection as part of the construction is the first phase of its $3.2 billion investment plan delineated in an MOU LG Chem signed with the State of Tennessee in…

North Korea was the first country to severely restrict travel and trade across its borders when the pandemic began in 2020. While the rest of the world has since largely returned to normal, many of North Korea’s COVID restrictions remained in place at the beginning of 2023. However, Pyongyang began to ease these constraints in…

In April 2023, provisions in the Inflation Reduction Act (IRA) went into effect regarding standards for battery components and critical mineral materials. This had been the source of significant uncertainty for Korean electric vehicle (EV) makers and their suppliers as Korean companies were subsequently left off the list of eligible vehicles for the Section 30D…

As disruptions in supply chains continue, what practical steps can the U.S. and Korea take to strengthen supply chains against future crises?