Economics

With relations between Korea and Japan improving over the last year the leaders of the United States, Korea, and Japan met in Washington on August 18 to discuss a common…

On May 1, 2023, KEI hosted a conversation between Ambassador Marc Knapper and Ambassador (ret.) Kathleen Stephens on potential new and expanded areas of trilateral cooperation between the United States,…

30 years after the fall of the Berlin Wall, people’s aspiration to establish a pluralistic liberal democracy appears to be under scrutiny around the world – anti-immigration policies dominate political…

Strategically located at the crossroads of Central Asia, China, and Russia, Mongolia has long attracted the attention of regional powers – including the Koreas. How is this traditionally-nomadic, but resource-rich,…

MSCI, a New York-based international ratings provider, is soon to release its annual Market Classification Review. The findings will determine what next steps Korea needs to focus on to move from the index of emerging markets to that of a developed one. Once the latter occurs, it would allow Korea to be listed alongside other…

The semi-annual OECD Economic Outlook released in May projects that global GDP growth will remain around 3 percent in 2024 and 2025, shown below in Figure 1. The report’s outlook reflects the continued impact of tight monetary conditions. Nevertheless, the report cites several positive trends, such as falling inflation and improving private-sector confidence. With unemployment…

US-Korea Deal Flow Date American Company Korean Company Project Value Amount Location March 29 N/A Taihan Cable & Solution Power grid replacement deal $82 million Florida March 27 Google Cloud NCSOFT Partnership to apply AI and cloud computing to game development N/A N/A March 15 IGNEO, Korea Zinc subsidiary Korea Zinc, LG Chem Korea Zinc…

In discussions of US-South Korea trade policy within American policy circles, a critical aspect often overlooked is the longstanding trade relationship between Korea and Latin America. This oversight misses a significant dimension of Korea's broader trade and foreign policy strategy, which increasingly sees Latin America not just as a market, but as a pivotal partner…

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